Sango Capital has been appointed to manage approximately US$460 million in committed capital across three African private equity fund portfolios following a management change initiated by a consortium of institutional limited partners.

The appointment expands Sango Capital's portfolio management, secondaries and continuation vehicle platform for institutional investors in African private markets.

The portfolios include investments across multiple vintage years and sectors, including financial services, consumer goods, healthcare, infrastructure, energy, agribusiness, mining, industrial materials and technology, with exposure to more than 20 African markets. Sango will assume responsibility for portfolio management and value creation in line with each fund's mandate.

The appointment follows two transactions completed by Sango earlier this year: a multi-fund continuation vehicle for its inaugural fund, Sango Capital Partners, and a US$120 million secondary transaction across four African private equity funds.

“We are honored to have been entrusted by this group of institutional limited partners with the stewardship of significant capital in established African private market vehicles,” said Richard Okello, Co-Founder and Partner at Sango Capital.

“Our objective is clear: support and accelerate continued value creation in the underlying portfolio, deliver returns on terms consistent with each fund's mandate, and continue to attract new capital to these markets.”

Charles Mwebeiha, Co-Founder and Partner at Sango Capital, said: “Secondaries, continuation vehicles, and institutional portfolio management mandates are emerging as the structural infrastructure that will sustain African private equity through its next chapter.

“This appointment, together with our recent transactions, is representative of how we have built Sango as a platform to deliver returns, governance, and execution at scale for institutional LPs.”