FCMB Launches N20bn Private Debt Fund Series 2 for Investment in Nigeria

FCMB Asset Management Limited has launched the FCMB-TLG N20 billion Private Debt Fund Series 2 for investment following regulatory approvals. This fund represents a continuation of FCMB Asset Management's commitment to offering qualified institutional investors (QII) and high net-worth individuals (HNI) access to structured and diversified private debt opportunities.

The Series 1 of the FCMB-TLG Private Debt Fund, Nigeria's first naira-denominated private debt fund with a program size of N100 billion, was approved by the Securities and Exchange Commission (SEC) in 2024. The Series 1 fund, which closed in 2024, garnered significant investor interest, with N10.43 billion raised, oversubscribed by 4.3%.

The fund delivered positive real competitive risk-adjusted returns to investors by 2025, despite prevailing macroeconomic challenges. FCMB Asset Management Limited, in collaboration with key stakeholders including TLG Capital, FCMB Capital Markets, Stanbic IBTC Capital, and Coronation Merchant Bank, aims to target QIIs and HNIs with the Series 2 fund.

The fund will focus on investing in the debt component of the capital structure of mid-sized companies in commercially viable and impact-oriented sectors of the Nigerian economy, aligning with the United Nations Sustainable Development Goals (SDGs).