FCMB Asset Management Limited (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 Ten Billion Naira (N10 billion) under Series 1 of its One Hundred Billion Naira (N100 billion) Programme size. The FCMB-TLG Private Debt Fund is sponsored by FCMB Asset Management Limited as the Fund Manager, with technical support from TLG Capital Investments Limited, United Kingdom. Established in May 2024, the FCMB-TLG Private Debt Fund targets Qualified Institutional Investors (QIIs) and High Networth Individuals (HNIs). 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 (UN) Sustainable Development Goals (SDG), while providing investors with an opportunity to earn 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.
We wish to thank our industry regulator, the Securities and Exchange Commission, Nigeria, for providing regulatory guidance and approving the first Private Debt Fund in Nigeria. Our gratitude also goes to TLG Capital Investments Limited (Technical Adviser), FCMB Capital Markets Limited (Issuing House), ARM Trustees (Trustees), Aluko & Oyebode (Solicitors), Kreston Pedabo (Reporting Accountant), Cardinal Stone Registrars (Registrars), United Bank for Africa (Custodian), and Deloitte (Valuation Advisers) for their incredible support in ensuring the successful registration of the FCMB-TLG Private Debt Fund.