The FCMB-TLG private debt fund, which is seeking to raise N10bn from series 1 of its N100bn Programme, has opened for investment.
The fund, which has been approved by the Securities and Exchange Commission, is sponsored and managed by FCMB Asset Management Limited as the Fund Manager, with technical support from TLG Capital Investments Limited, United Kingdom.
A statement from the firm on Tuesday said that the fund’s series 1 offer opened to qualified institutional investors and high-networth individuals on Monday and would close in July.
The FCMB-TLG Private Debt Fund is focused on investing in commercially viable and impact-oriented activities in sectors of the Nigerian economy aligned with the United Nations Sustainable Development Goals while providing investors with an opportunity to earn a competitive risk-adjusted return on investment.
At the signing ceremony organised by FCMBAM, the company’s Chief Executive Officer, James Ilori, 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.”
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