Kuramo Capital and Nile Capital launch Africa-focused investment firm

25 May 2017
Financial Nigeria

Summary

The new investment firm will be focused on delivering “superior risk-adjusted returns in Africa’s public markets for institutional and retail clients globally

Walé Adeosun, Founder and Chief Investment Officer, Kuramo Capital Management

Kuramo Capital, a leading African investment manager, has partnered with Nile Capital Management, a New Jersey-based asset manager, to launch an Africa-focused asset management firm, called Kuramo Nile Capital Management, according to a statement released on Wednesday.

The new investment firm will be focused on delivering “superior risk-adjusted returns" in Africa’s public markets for institutional and retail clients globally. Kuramo Nile will benefit from the mutual strengths of Kuramo Capital and Nile Capital, leveraging Kuramo’s institutional offerings, global footprint, and infrastructure, while building on Nile Capital’s track record.

“I am delighted to announce this partnership with Nile Capital to establish Kuramo Nile,” said Walé Adeosun, Founder and Chief Investment Officer (CIO) of Kuramo Capital Management. “We believe that Kuramo Nile brings world-class investment management capabilities to the public markets in Africa, given its combined extensive and global investment experience, client-focused service, robust infrastructure, and on-the-ground presence.”

The Kuramo Nile partnership plans to utilize proprietary macro-economic research and in-depth bottom-up fundamental analysis to select and manage a focused portfolio of stocks drawn from the most attractive emerging and frontier markets of Africa.

“I have known Kuramo Capital and its leadership team for a long time and we both share common values about investing and a strong commitment to investing in Africa,” said Larry Seruma, the Founder of Nile Capital Management, who will also serve as the CIO of Kuramo Nile Management. “The new firm presents a comprehensive investment platform for investors seeking to capitalize on Africa’s growth potential and investment opportunities.”

Headquartered in New York, Kuramo Capital is a leading independent multi-asset class manager focused on sub-Saharan Africa. The company has $300 million in assets under management, with branch offices in Lagos and Kenya.


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