Yatsar Capital Companions, a Lagos-based funding agency, has announce the primary shut of its N31 billion (about $20 million) generally known as Yatsar Actual Property Non-public Fairness (YREPE) Fund, thus providing alternative to savvy actual property buyers to faucet from.

This maiden fund has a goal dimension of N55 billion and can spend money on grade-A revenue producing belongings and likewise in demand-driven industrial growth alternatives.

The agency prioritizes a proactive strategy to actual property funding, specializing in making knowledgeable selections based mostly on foresight and in depth expertise to generate future worth in properties.

YREPE is backed by Nigerian pension funds and insurance coverage corporations who’re in search of a disciplined and low-risk strategy to investing in the actual property asset class.

Together with the primary shut, YREPE additionally made its first funding within the sale and leaseback of the Rising Solar constructing, a class-A blended use asset on Alfred Rewane Highway in Lagos, Nigeria.

The constructing, which is positioned on essentially the most sought-after workplace stretch in Nigeria, contains 5 flooring of grade-A industrial workplace house, and 7 flooring of residential lodging, all occupied by company tenants.

“We’re excited to achieve our first shut and deeply grateful to our buyers who’ve supported us on this journey,” mentioned Obi Nwogugu, CEO of Yatsar Capital Companions.

“We’re grateful for the partnership with BAT Nigeria in closing our first funding by way of the Rising Solar Constructing transaction. We stay up for taking part in a key position in channeling non-public capital into the compelling alternatives we see within the Nigerian market,” Nwogugu added.