Actis, a leading global investor in sustainable infrastructure, recently closed the first close of its real estate fund, Actis West Africa Real Estate Income Fund (NREIF), at US$45 million.
Anchor investors at the first close included Stanbic IBTC Pensions Managers, FCMB Pensions Limited and Pensions Alliance Limited.
The Fund will invest in market leading stabilized real estate assets across West Africa with a special focus on Nigeria. All assets in the portfolio will meet a minimum standard of IFC Edge certification. NREIF will acquire and manage real estate assets in a range of sectors, including retail, office, industrial, education and healthcare.
NREIF is the fourth vintage of African-focused real estate funds managed by Actis. Actis has been investing in the sector since 2004.
Funke Okubadejo leads Actis’ Pan African Income Fund team, while Tolu Sokenu is NREIF’s fund manager.
Actis and NREIF are advised by Simmons & Simmons and Udo Udoma & Belo-Osagie.
Actis is a leading global investor in sustainable infrastructure. It delivers competitive returns for institutional investors and a measurable positive impact on the countries, cities and communities in which it operates. Their global experience, operational know-how and strong culture enable them to create global sustainability leaders. It does it on a large scale and has been doing so for decades. Since its inception, it has raised $24 billion to invest in a better future.
Actis is a signatory to the United Nations-backed Principles for Responsible Investment (UNPRI), an investor initiative developed by the UNEP FI and the UN Global Compact. The company has consistently received the highest rating in the independent assessment of the UN Principles for Responsible Investment (PRI).
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