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.
Plus234Feed summary based on reporting from This Day. Read the original report below.
Read full article
Continue on This Day
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
FCMB's Private Debt Fund Receives SEC Approval for N20bn Series II Offer
FCMB Group PLC to Raise N400 Billion Capital After Shareholders' Approval
FCMB Group PLC Receives Shareholders' Approval for N400 Billion Capital Raise
GTCO Raises N10 Billion via Private Placement Post CBN, SEC Approval
FCMB Leads SME Lending in Nigeria, Recognized by CIBN for Driving Small Business Growth
ARM Launches N200bn Fund to Boost SMEs in Nigeria
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
