By Oyinkansayo Wole-Bodunde.
FCMB Asset Management Limited, in collaboration with TLG Capital Investments Limited, has introduced Nigeria’s inaugural Naira denominated Private Debt Fund, the FCMB-TLG Private Debt Fund.
This fund aims to bridge the financing gap for mid-sized Nigerian companies, providing them with access to suitable capital while offering investors a competitive return on investment.
According to James Ilori, CEO of FCMB Asset Management, the fund seeks to transform Nigeria’s financial landscape by catering to companies with annual revenues between N15 billion and N1.5 trillion which have historically struggled to secure funding.
The fund, approved by the Securities and Exchange Commission in May 2024, targets raising N10 billion from qualified investors, including pension fund administrators, insurance companies, and high net worth individuals.
The proceeds will be invested in corporate debt for companies aligned with the United Nations’ Sustainable Development Goals, focusing on sectors like agriculture, healthcare, and clean energy.
This initiative marks a significant milestone in Nigeria’s financial landscape, offering an alternative funding source for mid-sized companies and a diversification opportunity for investors while promoting sustainable economic growth.
