Actis Africa Real Estate Fund first close

08 Aug 2022

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

We are delighted to announce @Proparco as our #AVCA2023 Newsletter Sponsor! Be the first to view this year's agend… https://t.co/w3t0NMMh9b

@Swedfund invests US$26mn in the African infrastructure fund AIIF4 Read more: https://t.co/cRPZ4HrceY https://t.co/BghctzCWg1

🌐We offer ALL employees from AVCA member organisations a free 7-day trial to #AVCAAcademy to gain knowledge on the… https://t.co/rDmt7JIv5l

📢 Missed 31 January 2023? Don't panic - EARLYBIRD HAS BEEN EXTENDED! Secure your place TODAY:… https://t.co/Z1aclU3Kap

LAST CHANCE to express your interest in bringing #AVCAAcademy to your organisation 👇 Let us know by voting below;… https://t.co/sIvLjXFsok

;