FCMB-TLG Private Debt Fund Secures SEC Approval for N20bn Series II Issuance

FCMB Asset Management has obtained approval from the Securities and Exchange Commission (SEC) for the FCMB-TLG Private Debt Fund's Series II issuance of N20 billion. This move signifies a crucial step in the fund's growth strategy to provide corporate debt to mid-size Nigerian businesses in sectors like agriculture, clean energy, education, healthcare, technology, and transport.

The fund aims to attract qualified institutional investors and high-net-worth individuals to support economic growth and development in Nigeria. Jame Ilori, CEO of FCMB Asset Management, expressed confidence in the fund's success and emphasized the importance of deepening the local private credit ecosystem through collaboration with TLG Capital Investment Limited.