Kuramo Capital Management, LLC (“Kuramo Capital” or the “Firm”) is a private investment management firm founded in 2010. Kuramo Capital is owned by Messrs. Walé Adeosun, Shaka Kariuki, and Kamal Pallan, all of whom are also employees and officers of the Firm, and The Keffi Group, which is a family office. The Firm has built a team of investment professionals with extensive experience investing in sub-Saharan Africa. Members of the team are fluent or conversant in local languages spoken in Africa, including Yoruba, Igbo, Swahili, Kikuyu, Shona, and French. Kuramo Capital has offices in New York City, USA; Lagos, Nigeria; and Nairobi, Kenya. Kuramo Capital provides investment advisory services to privately-offered pooled investment vehicles which are primarily funds of funds and investment vehicles investing parallel to the funds of funds (collectively, the “Kuramo Funds”). The Kuramo Funds hold interests in other fund managers investing in private as well as public securities (collectively, the “underlying funds”), and also make direct investments into private companies and private investments in public equities. The Kuramo Funds are permitted to make direct investments into public securities, though they generally hold public securities through underlying funds (except in the case of private investments in public equities). The Firm’s investment objective is to realize long-term capital appreciation through its portfolio of investments in or with substantial ties to sub-Saharan Africa. Such investments may be in equity, equity-related, or debt securities. The Firm targets opportunities across sectors, including consumer-related, financial services, infrastructure, agribusiness, natural resources, and real

estate. The Firm’s advisory services are tailored to the investment objectives and restrictions set forth in the offering documents of each of the Kuramo Funds (the “Kuramo Fund Documents”) and the investment management agreements. The terms of the Kuramo Funds that invest into underlying funds are different from those investing directly into portfolio companies. The general partner or managing member of a Kuramo Fund can enter, and has entered, into side letters or written agreements with an investor, which alter or supplement certain other terms of the Kuramo Fund Documents for the respective Kuramo Fund. Kuramo Capital currently provides advisory services to families of funds, namely Kuramo Africa Opportunity Fund (“Kuramo Fund I”), Kuramo Africa Opportunity Fund II (“Kuramo Fund II”), Kuramo Africa Opportunity Fund III (“Kuramo Fund III”), and Kuramo Africa Opportunity Co-Investment Fund III (“Kuramo CIV III”). Fund families are generally structured as long-term, closed-end investment funds without redemption rights and set up as master-feeder partnerships in which investors are limited partners at the feeder level and a Kuramo Capital affiliate serves as the general partner. (For purposes of this Brochure, all vehicles are referred to as “Kuramo Funds.”) Kuramo Funds I, II and III and Kuramo CIV III are fully committed. Please see Item 8 and 11 for more information on how the Kuramo Funds are investing. Kuramo Capital no longer owns the non-management, 49% interest in Nile Capital Management LLC (“Nile”). As of December 31, 2023, Kuramo Capital managed approximately $430,144,354 on a discretionary basis. Kuramo Capital does not manage any assets on a non-discretionary basis.