Sango Capital contributed to the Mobilist’s report on “Secondary Market Vehicles in EMDEs,” which includes a focused assessment of Africa’s private equity secondaries market.

The report describes the African PE secondaries market as “very nascent,” but notes that 2024 saw early movement in innovative transactions— including Sango’s July 2024 acquisition of majority LP interests in Synergy Private Equity Fund II.

It also outlines the structural frictions limiting scale:

• Domestic pensions and insurers remain marginal participants.
• International investors concentrate on a narrow set of larger LP stakes.
• Transactions are constrained by valuation mismatches between buyers and GPs
• Older fund documentation are not designed for transactions—making them slow and legally complex.

Read the full report here: https://www.mobilistglobal.com/research-data/secondary-market-vehicles-in-emdes-lessons-and-implications-for-development-actors/