Fund vehicle
Actis West Africa Real Estate Income Fund (NREIF)
Actis West Africa Real Estate Income Fund (NREIF) is an $82 million closed-end real estate income fund established to acquire and manage a portfolio of stabilised, yield-generating Grade A real estate assets across West Africa, with a strong focus on Nigeria. Originally raised and managed by global sustainable infrastructure investor Actis, the fund underwent a management buyout in February 2026, spinning out the fund management platform into an independent, Africa-focused real asset fund manager, Grene Capital Management Nigeria Limited. The fund targets core real estate across multiple asset classes—including commercial office space, retail centers, industrial and logistics facilities, healthcare assets, and educational real estate—with all portfolio assets required to achieve a minimum standard of IFC EDGE green building certification. Actis West Africa Real Estate Income Fund reached an initial first close of USD 45 million in August 2022 and grew to $82 million in assets under management under the continuous leadership of Funke Okubadejo and Tolu Sokenu.
- Manager
- Actis
- Vintage
- 2022
- Strategy
- Real Estate
- Size
- $45m
- Status
- Closed
Disclosed limited partners
Sources
- Partner Researchers, accessed 14 November 2026