Lagos, Nigeria, 22 July 2022: Actis, a leading global investor in sustainable infrastructure has recently concluded a first close of its real estate fund, Actis West Africa REIF LP (“NREIF”) or the (“Fund”) at US$45m.
Anchor investors in the first close included Stanbic IBTC Pensions Managers, FCMB Pensions Limited and Pensions Alliance Limited.
The Fund will invest in market leading, stabilised real estate assets across West Africa, with a special emphasis on Nigeria. All assets in the portfolio will attain a minimum standard of IFC Edge certification. NREIF will acquire and manage real estate assets across a range of sectors, including retail, office, industrial, education and healthcare. NREIF is the fourth vintage of Africa focused real estate funds managed by Actis. Actis has invested in the sector since 2004. Funke Okubadejo leads Actis’ Pan African Income Fund team, while Tolu Sokenu serves as the Fund Manager for NREIF.
Actis and NREIF are advised by Simmons & Simmons and Udo Udoma & Belo-Osagie.« Back to Member News