Get Guardian on GoogleA firm, Grene Capital Management Nigeria Limited, has completed a management buyout that establishes the firm as an independent, Africa-focused real asset fund manager, following its separation from global infrastructure investor, Actis.
Under the new structure, Grene Capital will continue to manage its Nigerian Real Estate Fund, which has approximately $82 million in assets under management.
The fund, largely backed by Nigerian pension funds, targets stabilised, institutional-quality real estate designed to deliver predictable cash flows and provide a hedge against inflation.
The portfolio comprises two major assets: Jabi Lake Mall in Abuja and the Heritage Place office in Ikoyi, Lagos.
Grene Capital said the transition does not alter the fund’s strategy, assets or leadership. The existing management team, which has overseen the fund since its inception under Actis, will continue to lead operations and portfolio expansion, ensuring continuity for
investors and partners.
Commenting on the development, Managing Partner and Chief Executive Officer of Grene Capital, Funke Okubadejo, said the buyout enhances the firm’s ability to operate independently while preserving stability for stakeholders.
“This transition strengthens our position as a fully independent Africa-focused real asset investment manager,” she said.
“Our commitment remains disciplined asset selection, active asset management and the delivery of stable, inflation-hedged cash flows and attractive risk-adjusted returns from high-quality assets in key gateway cities across Nigeria and Africa,” she added.
