FCMB-TLG TO RAISE N10BN IN SERIES 1 OF DEBT FUND

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Ruth

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Jun 13, 2024
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The FCMB-TLG private debt fund has opened for investment, aiming to raise N10bn in Series 1 of its N100bn Programme. This fund, approved by the Securities and Exchange Commission, is managed by FCMB Asset Management Limited with technical support from TLG Capital Investments Limited, UK.

Key Details:
- The fund targets qualified institutional investors and high-net-worth individuals, with the Series 1 offer closing in July.
- It focuses on commercially viable and impact-oriented activities in sectors of the Nigerian economy aligned with the United Nations Sustainable Development Goals.
- The fund provides an opportunity for investors to earn competitive risk-adjusted returns on investment.

James Ilori, CEO of FCMB Asset Management, highlighted that the fund allows professional investors to support key sectors of Nigeria's economy, driving sustainable economic growth and development.