FCMB Asset Management Limited (FCMBAM) has opened the FCMB-TLG Private Debt Fund Series 2, with a target size of up to ₦20 billion.
The offer opened on Monday, January 26, 2025, and is aimed at qualified institutional investors and high-net-worth individuals.
As with Series 1, proceeds from the Series 2 offer will be invested in the debt portion of the capital structure of mid-sized companies with commercially viable and impact-driven operations.
These investments will focus on sectors of the Nigerian economy aligned with the United Nations Sustainable Development Goals (SDGs).
The fund is structured to provide investors with competitive, risk-adjusted returns while supporting businesses operating in agriculture, clean energy, education, healthcare, information technology, and transport and logistics.
The FCMB-TLG Private Debt Fund is Nigeria’s first naira-denominated private debt fund. It operates under a ₦100 billion programme approved by the Securities and Exchange Commission (SEC) in 2024.
Commenting on the launch, James Ilori, chief executive officer of FCMB Asset Management Limited, said the strong performance of the first series demonstrated investor confidence in the fund’s strategy and management.
“The oversubscription of Series 1 was a clear testament to the trust and confidence investors have in our expertise and ability to manage the FCMB-TLG Private Debt Fund.
“With Series 2, we are deepening our commitment to delivering consistent value through private debt investments that balance opportunity with prudence,” Ilori said.
He added that the new series would build on the success of the maiden issuance by offering investors attractive returns while providing mid-sized companies with long-term capital needed to scale their operations and contribute to economic growth.
Also speaking, Isha Doshi of TLG Capital Investments Limited said the launch reflects the growing partnership between TLG Capital and FCMB Asset Management.
“The Series 2 Offer reflects the strengthening partnership between TLG Capital and FCMB Asset Management with a shared focus on building a robust local private credit ecosystem.
“Through this collaboration, we are helping to deepen the asset class, catalyse domestic capital, and support Nigerian businesses with long-term, well-structured financing that underpins sustainable growth,” Doshi said.
