Nigeria: TLG Capital co-launches naira-denominated private debt fund
The fund targets qualified institutional investors and high-net-worth individuals.
FCMB Asset Management (FCMB AM) hosted key professional parties at Primrose Towers in Lagos, Nigeria to sign various transaction documents for the launch of Nigeria’s first naira-denominated private debt fund, FCMB-TLG Private Debt Fund.
The fund, which is registered by the Securities and Exchange Commission, Nigeria, seeks to raise N10 billion (c. $6.8 million) under Series 1 of its N100 billion (c. $68.3 million) programme size. The FCMB-TLG Private Debt Fund is sponsored by FCMB Asset Management as the fund manager, with technical support from TLG Capital. Established in May 2024, the FCMB-TLG Private Debt Fund targets qualified institutional investors and high-net-worth individuals. The fund is an actively managed, close-ended unit trust scheme that seeks to support sustainable economic growth and development in Nigeria.
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 Sustainable Development Goals, while providing investors with an opportunity to earn a competitive risk-adjusted return on investment. The fund aims to build a diversified portfolio of debt, with strong emphasis on economic impact and downside risk protection.
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