Actis collects $45m for West Africa real estate fund

The fund's anchor investors include Stanbic IBTC Pensions Managers, FCMB Pensions Limited and Pensions Alliance Limited.

  • NREIF will acquire and manage real estate assets in West Africa across a range of sectors
  • Simmons & Simmons and Udo Udoma & Belo-Osagie advised Actis and NREIF
  • Based in London, Actis invests in sustainable infrastructure

Actis has raised $45 million in the first close of its real estate fund Actis West Africa REIF LP. The fund’s anchor investors include Stanbic IBTC Pensions Managers, FCMB Pensions Limited and Pensions Alliance Limited.

The fund will acquire and manage real estate assets in West Africa across a range of sectors, including retail, office, industrial, education and healthcare. Actis has invested in the sector since 2004.

Funke Okubadejo leads Actis’ pan African income fund team, while Tolu Sokenu serves as the fund manager for NREIF.

Actis and NREIF are advised by Simmons & Simmons and Udo Udoma & Belo-Osagie.

Based in London, Actis invests in sustainable infrastructure.