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FCMB - TLG Private Debt Fund
FCMB-TLG Private Debt Fund
FCMB-TLG Private Debt Fund was approved by the Securities and Exchange Commission (SEC) in May 2024 as Nigeria's first Naira-denominated Private Debt Fund.
The Fund is sponsored and managed by FCMB Asset Management Limited (FCMBAM) as the Fund Manager, with technical support from TLG Capital Investments Limited (TLG Capital), United Kingdom. The FCMB-TLG Private Debt Fund has a programme size of One Hundred Billion Naira (N100 billion), to be issued in tranches, with Series 1 of Ten Billion Naira (N10 billion).
The FCMB-TLG Private Debt Fund targets Qualified Institutional Investors (QIIs) and High Networth Individuals (HNIs). The 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.
The net proceeds of the Fund will be used to provide corporate debt to companies and Special Purpose Vehicles (SPVs) in the following sectors of the Nigerian economy:
- Agriculture
- Health
- Clean Energy
- Education
- IT/Technology
- Transport & Logistics
This innovative Fund is expected to provide an alternative financing option for organisations in Nigeria, focusing on sectors crucial to the country’s economic growth and development.
FCMB-TLG Private Debt Fund – Key Highlights
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To invest in the fund, please send us an email at fcmbamaa@fcmb.com or fill the call-back form below.
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Frequently Asked Questions (FAQs)
The name of the Fund is FCMB-TLG Private Debt Fund.
FCMB-TLG Private Debt Fund is a Private Debt Fund, under Alternative Assets. The Fund seeks to raise capital from Qualified Institutional Investors (QIIs) and High Networth Individuals (HNOs) and deploy same as corporate debt to organisations with 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.
Investing in a Private Debt Fund confers the following benefits:
- Opportunity to earn high absolute and risk adjusted return on investment
- Regular income stream – as distributions are paid semi-annually
- Low correlation with Traditional Assets such as Bonds/Fixed Income and Equities, thereby enhancing diversification and reducing portfolio risk
- Promotes economic growth and development, as Private Debt Funds serve as a sustainable source of capital to support economic growth and development
- Inflation hedge, as interest rates are oftentimes not fixed but floating rates.
The Fund's target sectors include:
- Agriculture
- Healthcare
- Education
- Clean Energy
- IT/Technology
- Transport/Logistics
The Shelf/Programme size of the Fund is One Hundred Billion Naira (N100,000,000,000) Only.
The size of Series 1 is Ten Billion Naira (N10,000,000,000) Only and tenor is Ten (10) years
The target investors are Qualified Institutional Investors (QIIs) such as Pension Fund Administrators (PFAs), Insurance Companies, Family Offices, Endowments, Fund Managers, Development Finance Institutions (DFIs), and other Corporate Organisations, as well as High Networth Individuals (HNIs).
The minimum amount required to invest in the Fund is Ten Million Naira (N10,000,000) Only.
The Fund is a Closed-End Unit Trust Scheme where investors are expected to hold their investments until the end of tenor of the Series. However, there could be opportunities for exit where another investor is willing to take over the exiting investor’s Units.
A- (IM) (Agusto & Co) | A- (GCR)
Yes. The Fund’s performance report shall be periodically distributed to Unitholders.
Please send an email to fcmbamaa@fcmb.com for guidance on how to invest in the Fund.
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