General Atlantic spins off West Africa real estate firm Grene Capital

Actis’s real estate platform has spun off into Grene Capital Management Nigeria via a management buyout, with ~$82 million AUM. Grene will focus on income-generating real estate in Nigeria and Sub-Saharan Africa, managing a $45 million closed-ended fund, with leadership including Funke Okubadejo and Tolu Sokenu remaining unchanged.