**Grene Capital Sets Sail as Independent Fund Manager** In a significant development for Nigeria's real estate sector, Grene Capital Management Nigeria Limited has successfully completed a management buyout from Actis, positioning itself as an independent fund manager focused on Africa's real asset market. Established to provide institutional investors with steady returns and protection against inflation, Grene Capital has grown to manage a substantial portfolio worth approximately US$82 million. Its closed-end real estate fund, primarily backed by Nigerian pension funds, has invested in high-quality assets such as Jabi Lake Mall in Abuja and Heritage Place office building in Ikoyi, Lagos. The existing leadership team, led by Managing Partner/CEO Funke Okubadejo, has been instrumental in steering the fund since its inception at Actis. With the buyout completion, they will continue to oversee the portfolio, ensuring continuity in strategy, operations, and investor commitments. Okubadejo expressed enthusiasm for the transition, emphasizing Grene Capital's commitment to disciplined asset selection, active asset management, and delivering stable returns from high-quality assets in Nigeria and other key African cities. The buyout follows Actis' strategic refocusing of its real estate investment approach towards Asia and digital infrastructure investments across various regions. Actis will, however, maintain its presence in Africa's broader infrastructure and energy sectors. David Morley, Vice Chairman at Actis, welcomed the transition, assuring that Grene Capital's operations, assets, and investment approach remain unchanged. The deal has received necessary regulatory approvals from the Securities and Exchange Commission of Nigeria and the Federal Competition and Consumer Protection Commission of Nigeria. This milestone marks a significant step forward for Grene Capital, as it forges its own path as an independent Africa-focused real asset fund manager.