Lagos-based investment firm, Yatsar Capital Partners, has announced the first close of its Yatsar Real Estate Private Equity (YREPE) Fund, securing ₦31 billion ($20 million) in capital commitments.

The maiden fund, initially targeting ₦55 billion, is dedicated to grade-A income-generating assets, including demand-driven commercial development opportunities in Nigeria’s real estate market.

In a statement, Obi Nwogugu, Chief Executive of Yatsar Capital Partners, expressed enthusiasm for the milestone:

“We are excited to reach our first close and deeply grateful to our investors who have supported us in this journey. We are thankful for the partnership with BAT Nigeria in closing our first investment through the Rising Sun Building transaction. We look forward to playing a key role in channeling private capital into the compelling opportunities we see in the Nigerian market.”

Yatsar Capital Partners employs a proactive, insight-driven approach to real estate investment, leveraging foresight and deep market experience to unlock long-term value in properties.

Institutional Backing and First Investment

The YREPE fund is supported by Nigerian pension funds and insurance companies seeking a disciplined, low-risk entry into the real estate asset class.

Alongside its first close, the fund has also completed its first investment—the sale and leaseback of the Rising Sun Building, a class-A mixed-use asset located on Alfred Rewane Road, Lagos.

Situated along Nigeria’s most sought-after office stretch, the Rising Sun Building features:

• Five floors of grade-A commercial office space.
• Seven floors of premium residential accommodation, fully occupied by corporate tenants.

This landmark transaction reinforces Yatsar Capital Partners’ commitment to shaping Nigeria’s real estate sector by facilitating private capital deployment into high-quality assets.