Nigeria’s SEC Approves First Naira-Denominated Private Debt Fund

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The Securities and Exchange Commission (SEC) has approved the launch of the FCMB-TLG Private Debt Fund, Nigeria’s first Naira-denominated private debt fund.

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Established in May 2024, the FCMB-TLG Private Debt Fund is sponsored and managed by FCMB Asset Management Limited (FCMBAM), with technical support from TLG Capital Investments Limited (TLG Capital), United Kingdom. The Fund aims to raise N10 billion under Series 1 of its N100 billion programme size.

Targeting Qualified Institutional Investors (QIIs) and high-net-worth individuals (HNIs), the Fund focuses on investing in commercially viable and impact-oriented activities in sectors aligned with the United Nations Sustainable Development Goals (SDGs). It provides investors with an opportunity to earn competitive risk-adjusted returns on investment, building a diversified debt portfolio with an emphasis on economic impact and downside risk protection.

“This innovative Fund is a significant milestone in the Nigerian financial landscape,” said James Ilori, CEO of FCMB Asset Management Limited, at the signing ceremony on Monday, June 3, 2024. “It opens a new avenue for professional investors to participate in the growth of key sectors of the economy while providing essential capital to organisations driving sustainable economic growth and development in Nigeria. The launch of the FCMB-TLG Private Debt Fund means Nigeria now joins the rest of the international investment community in offering Private Credit as an investment option under Alternative Assets.”

Aletor Adoghe, representing TLG Capital in Nigeria, added, “We are delighted to partner with FCMB Asset Management in pioneering this Fund. The Fund aligns with our commitment to investing in untapped markets and will significantly contribute to Nigeria’s broader economic development.”

The FCMB-TLG Private Debt Fund is poised to play a crucial role in providing suitable debt to organisations in selected sectors of the Nigerian economy to enhance their operations and support their growth aspirations.

Godwin Okafor
Godwin Okaforhttps://naija247news.com
Godwin Okafor is a veteran Financial Journalist, Internet Social Entrepreneur, and the visionary Founder of Naija247news Media Limited. With an extensive career spanning over 16 years in financial journalism, Godwin possesses a wealth of experience that seamlessly bridges both traditional and digital media landscapes. His journey in journalism commenced at Business Day, Nigeria, where he laid the foundation for his prolific career. In 2010, Godwin took a bold step by founding Naija247news Media, a platform that has since become a prominent player in delivering timely and accurate news. Educationally, Godwin Okafor holds a Bachelor's degree in Industrial Relations and Personnel Management from the prestigious Lagos State University, Ojo, Lagos. His commitment to continuous learning led him to the Lagos Business School, where he further honed his skills. Additionally, he is recognized as a Fellow of the University of Pennsylvania, having successfully completed the Wharton Seminar for Business Journalists. Throughout his illustrious career, Godwin has earned acclaim by winning numerous journalism awards, a testament to his dedication to excellence in reporting. Beyond his role as a Financial Journalist, Godwin Okafor wears the hat of the Chairman at Emmerich Resources Limited, the publishing entity behind Naija247news. His visionary leadership has played a pivotal role in shaping the media landscape and establishing Naija247news as a trusted source of information. Godwin Okafor's multifaceted expertise, commitment to journalistic integrity, and leadership in the realm of business journalism underscore his influential presence in both the media and entrepreneurial spheres.

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