Grene Capital Management Nigeria Limited has finalised a management buyout from global growth markets investor Actis, marking its transition into a fully independent, Africa-focused real asset fund manager.
The move positions Grene Capital to deepen its investment footprint in institutional-grade real estate across Nigeria and other African markets while maintaining continuity in leadership and strategy. The firm was originally established to target stabilised, high-quality real estate assets capable of delivering predictable cash flows and protection against inflation for institutional investors.
Grene Capital currently oversees a closed-end real estate fund valued at approximately $82 million in assets under management. The fund, largely backed by Nigerian pension funds, holds investments in two prime properties: Jabi Lake Mall in Abuja and Heritage Place in Lagos.
The leadership team, which has managed the portfolio since its inception under Actis, will remain in place following the transition, ensuring stability for investors and partners.
Commenting on the development, Managing Partner and Chief Executive Officer of Grene Capital Management Nigeria Limited, Funke Okubadejo, said: “This transition strengthens our ability to operate as a fully independent Africa focused real asset investment manager while maintaining continuity for our investors and partners. Our focus remains on disciplined asset selection, active asset management and delivering stable, inflation hedged cash flows and attractive risk adjusted returns from high-quality assets in key gateway cities in Nigeria and other parts of Africa.”
The buyout aligns with Actis’ broader strategic shift in its real estate allocation. The firm has redirected its property investment strategy towards Asia and expanded its digital infrastructure investments across Asia, Latin America and the Middle East, while continuing to operate in Africa’s infrastructure and energy sectors.
David Morley, Vice Chairman at Actis, affirmed support for the transition, stating: “Ownership of the fund manager has transitioned to a highly experienced leadership team that has been responsible for the fund’s strategy and performance from the start. Grene Capital’s operations, assets and investment approach remain unchanged, and we are supportive of a smooth transition, as the business continues under independent ownership.”
The transaction has secured all necessary regulatory and limited partner approvals, including clearances from the Securities and Exchange Commission of Nigeria and the Federal Competition and Consumer Protection Commission.
With the buyout complete, Grene Capital is set to pursue growth opportunities across Africa’s key gateway cities, reinforcing its focus on delivering stable, risk-adjusted returns from premium real assets.
