Recently, FCMB Asset Management Limited (FCMBAM) held a signing ceremony for Nigeria’s first Naira denominated Private Debt Fund, the FCMB-TLG Private Debt Fund.
The Fund, which has been approved by the Securities and Exchange Commission, is sponsored and managed by FCMB Asset Management Limited (FCMBAM) as the Fund Manager, with technical support from TLG Capital Investments Limited (TLG Capital), United Kingdom. The Fund seeks to raise Ten Billion Naira (N10 billion) under Series 1 of its One Hundred Billion Naira (N100 billion) Programme size.
Following the fulfilment of all regulatory requirements, the Fund’s Series 1 Offer for subscription opens to Qualified Institutional Investors (QIIs) and High Networth Individuals (HNIs) today, Monday 24 June 2024, and closes on Wednesday 31 July 2024.
The FCMB-TLG Private Debt Fund will focus on investing in commercially viable and impact-oriented activities in sectors of the Nigerian economy aligned with the United Nations (UN) Sustainable Development Goals (SDG), while providing investors with an opportunity to earn competitive risk-adjusted return on investment. It will invest in the debt components of the capital structure of organisations and Special Purpose Vehicles (SPVs) in sectors crucial to Nigeria’s economic growth and development, including Agriculture, Healthcare, Education, Clean Energy, Transportation/Logistics, and IT/Technology,
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At the signing ceremony organised by FCMBAM, James Ilori, the company’s Chief Executive Officer said, “The FCMB-TLG Private Debt Fund opens a new avenue for professional investors to participate in the growth of key sectors of the Nigerian economy while providing essential capital to organisations driving sustainable economic growth and development in Nigeria”.
The FCMB-TLG Private Debt Fund is structured as a Closed-Ended Unit Trust Scheme with Series 1 tenor of Ten (10) years. The Fund is also expected to provide investors with periodic streams of income through regular payment of distribution while prioritising the preservation of invested capital.
FCMB Asset Management Limited (FCMBAM) is the asset management arm of FCMB Group Plc. Incorporated in 1997, the company provides portfolio management and investment advisory services to individual and institutional clients, globally.
FCMBAM is rated A- (IM) by Agusto & Co. and A- by GCR. The Asset Management companies has over Three Hundred and Twenty-Two Billion Naira (N322 billion) in Assets Under Management. FCMBAM has established itself as an innovative and competent Fund Manager that periodically develops investment management solutions to deliver competitive risk-adjusted returns to investors.
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