Kuramo confirms commitment to Uhuru fund’s first close

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New York-headquartered Kuramo Capital Management has confirmed it had made a commitment to the first close of Uhuru Growth Fund I, Lagos-based Uhuru Investment Partners‘ maiden fund, in May last year. Kuramo is investing $10 million in the fund which is aiming to raise a total of $200 million by the time it reaches its final close. The fund won a total of $113 million in commitments for the close from a mix of DFIs, commercial, and impact investors.

“Kuramo believes in indigenous teams like Uhuru whose local but global edge is critical to Kuramo’s strategy of generating excellent long-term risk-adjusted returns for our investors,” said Wale Adeosun, Kuramo’s Founder, CEO, and CIO. “We believe Uhuru has a compelling investment strategy with a competitive edge in identifying relatively attractive opportunities due to their extensive local network.”

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