Kuramo Capital secures first close for Africa Opportunity Fund IV

Kuramo Capital Management, an independent investment management firm focused on sub-Saharan Africa, has officially achieved the first close of its latest vehicle, the Kuramo Africa Opportunity Fund IV (KAOF IV). The fund secured initial commitments totaling NGN 48 billion (approximately $35 million USD). In a notable shift toward mobilizing domestic institutional capital, the entire capital pool for this first close was raised from five prominent Nigerian Pension Fund Administrators (PFAs).