Grene Capital Management Nigeria Limited (“Grene Capital”) has announced its spin-out from Actis, a global growth market infrastructure investor, following a management buyout. The firm will now operate as an independent, Africa-focused real asset fund manager.

Grene Capital was originally established to invest in stabilized, institutional quality real estate, providing institutional investors with consistent cash flows and inflation hedging.

The firm currently manages a closed-end real estate fund with approximately US$82 million in assets under management.

The fund, which primarily sourced capital from Nigerian pension funds, has invested in two institutional-quality assets: Jabi Lake Mall in Abuja and Heritage Place office building in Ikoyi, Lagos.

The existing leadership team, which has managed the fund since its inception at Actis, will continue to lead and expand the portfolio, ensuring continuity in strategy, operations, and investor commitments.

Funke Okubadejo, Managing Partner/CEO of Grene Capital Management Nigeria Limited, stated that Grene Capital’s investment strategy will continue to prioritize defensible, stabilized assets. She added that the firm's mission is to mobilize institutional and private capital into resilient real assets, delivering enduring value for investors and sustainable growth for the markets it serves.

The transaction has secured the necessary regulatory and LP approvals, including those from the Securities and Exchange Commission of Nigeria and the Federal Competition and Consumer Protection Commission of Nigeria.