The Securities and Exchange Commission (SEC) has approved the FCMB-TLG Private Debt Fund, marking Nigeria’s first naira-denominated private debt fund. Sponsored and managed by FCMB Asset Management Limited (FCMBAM) with technical support from TLG Capital Investments Limited (UK), the fund was established in May 2024. The FCMB-TLG Private Debt Fund aims to raise N10 billion under Series 1 of its N100 billion programme.
Targeting Qualified Institutional Investors (QIIs) and high-net-worth individuals (HNIs), the fund focuses on investing in sectors aligned with the United Nations Sustainable Development Goals (SDGs). It seeks to offer investors competitive risk-adjusted returns while building a diversified portfolio of debt with a strong emphasis on economic impact and downside risk protection.
At the signing ceremony on June 3, 2024, James Ilori, CEO of FCMB Asset Management Limited, highlighted the fund’s significance in the Nigerian financial landscape. He emphasized that it opens new opportunities for professional investors to contribute to the growth of key economic sectors and support sustainable development in Nigeria.
Aletor Adoghe, representing TLG Capital in Nigeria, expressed delight in partnering with FCMB Asset Management. He noted that the fund aligns with their commitment to investing in untapped markets and will significantly contribute to Nigeria’s broader economic development.
The FCMB-TLG Private Debt Fund aims to provide essential capital to organizations in selected sectors, enhancing their operations and supporting their growth aspirations.
Leave a Reply