FCMB-TLG Private Debt Fund Series 1 Opens, to Raise N10bn


June 25, 2024.

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Azonuchechi Chukwu.

FCMB Asset Management Ltd. (FCMBAM) has opened the FCMB-TLG Private Debt Fund’s Series 1 Offer for subscription, to raise N10 billion of its N100 billion programme size.

Fund is opened for subscription to Qualified Institutional Investors (QIIs) and High Networth Individuals (HNIs), effective Monday, June 24 to July 31. Mr James Ilori, the company’s Chief Executive Officer(CEO), said this in a statement made available on Monday in Lagos.

Ilori stated that the fund, which is Nigeria’s first Naira-denominated private debt fund, had been approved by the Securities and Exchange Commission(SEC) following the fulfilment of all regulatory requirements.

He explained that the fund is sponsored and managed by FCMBAM as the fund manager, with technical support from TLG Capital Investments Ltd.(TLG Capital) in the United Kingdom.

“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 a 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.

“This includes Agriculture, Healthcare, Education, Clean Energy, Transportation/Logistics, and IT/Technology. According to him, 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.

Ilori noted that it also provides essential capital to organisations driving sustainable economic growth and development in Nigeria. He stated that the Fund is structured as a Closed-Ended Unit Trust Scheme with Series 1 tenor of 10 years.

According to the CEO, 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.

FCMBAM is the asset management arm of FCMB Group Plc, incorporated in 1997, to provide portfolio management and investment advisory services to individual and institutional clients globally.

It has over N322 billion in assets under management.(www.naija247news.com).

Chukwu Azochukwu, The Naija247news
Chukwu Azochukwu, The Naija247newshttps://gravatar.com/azonuchechivchukwu
Azonuchechi Chukwu - Business Journalist at Naija247news.com Azonuchechi Chukwu is a seasoned business journalist contributing to the insightful coverage of economic and financial news at Naija247news.com. With a passion for unraveling the complexities of the business world, Azonuchechi brings a wealth of expertise and dedication to his role. As a Business Journalist, Azonuchechi specializes in providing comprehensive analyses of market trends, corporate developments, and economic indicators. His in-depth reports offer Naija247news.com readers a nuanced understanding of the forces shaping the Nigerian and global business landscapes. Azonuchechi Chukwu's commitment to journalistic excellence is evident in his ability to translate complex financial information into accessible and engaging narratives. Whether exploring stock market fluctuations, corporate strategies, or economic policies, he strives to deliver content that empowers readers with valuable insights. With an educational background in business and a keen interest in the intersection of finance and technology, Azonuchechi stays at the forefront of industry dynamics. His coverage extends beyond traditional financial reporting, encompassing the dynamic realms of fintech, entrepreneurship, and sustainable business practices. Azonuchechi Chukwu's work goes beyond the surface, aiming to foster financial literacy and awareness among Naija247news.com's audience. By demystifying economic complexities and shedding light on emerging opportunities, he plays a pivotal role in keeping readers well-informed in the fast-paced world of business. As Naija247news.com's Business Journalist, Azonuchechi Chukwu continues to make meaningful contributions to the platform's mission of delivering timely, accurate, and relevant business news to its diverse audience. His dedication to journalistic integrity and his ability to navigate the intricacies of the business realm make him an invaluable asset to the Naija247news.com team.

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