NEW YORK--(BUSINESS WIRE)--Kuramo Capital Management LLC and Nile Capital Management LLC are pleased to announce a strategic partnership to launch a new investment management entity called Kuramo Nile Capital Management LLC (“Kuramo Nile”). As part of the Kuramo Capital platform, Kuramo Nile will focus on delivering superior risk-adjusted returns in Africa’s public markets for institutional and retail clients globally.
“I am delighted to announce this partnership with Nile Capital to establish Kuramo Nile,” said Walé Adeosun, Founder and Chief Investment Officer 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.”
Commenting on the partnership, Larry Seruma, who will serve as Chief Investment Officer (CIO) of Kuramo Nile, said, “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. The new firm presents a comprehensive investment platform for investors seeking to capitalize on Africa’s growth potential and investment opportunities.” Mr. Seruma founded Nile Capital Management in 2004 and has deep experience investing in the public markets in Africa. Kuramo Nile will 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.
The Kuramo Nile partnership will benefit from the mutual strengths of Kuramo Capital and Nile Capital and will leverage Kuramo’s institutional offerings, global footprint, and infrastructure, while building on Nile Capital’s track record.
About Kuramo Capital Management
Kuramo Capital Management is the leading independent multi-asset class manager focused on sub-Saharan Africa. Headquartered in New York City, with presence in Lagos, Nigeria and Nairobi, Kenya, Kuramo’s professionals bring together over 100 years of investment and institutional experience in leadership roles at some of the most prominent global investment organizations and financial institutions.
Learn more at www.kuramocapital.com
DISCLAIMER: This press release may contain certain “forward-looking statements” with respect to management’s expectations and plans, strategy, objectives, future performance, and other trend information. It is important to note that Kuramo Capital Management and Kuramo Nile actual results in the future could differ materially from those anticipated in these forward-looking statements as a result of a number of factors. Readers are cautioned not to place undue reliance on these forward-looking statements and Kuramo Capital Management and Kuramo Nile undertake no obligation to update forward-looking statements if circumstances or management’s opinions should change except as required by applicable securities laws.