FCMB Asset Management Limited (FCMBAM) has received regulatory approval for FCMB-TLG Private Debt Fund (the Fund) Series II Issuance of up to N20 billion, a significant milestone in the Fund’s growth strategy.
A signing ceremony was held in Lagos to execute the relevant transaction documents, signalling the launch of the Fund’s Series II Issuance.
James Ilori, chief executive Officer, said: “The approval of the Fund’s Series II Issuance is a validation of the confidence Securities and Exchange Commission (SEC) has in our ability to manage the Fund, deepen the private debt market, create value for our investors, and support investee companies. Our aim is to support those sectors of the economy that promote economic growth and development.”
He lauded the professional parties and the regulator for their roles in ensuring the registration of the Fund’s Series II Issuance and assured them of the commitment of FCMBAM, together with its technical partner, TLG Capital Investments Limited, to ensure success of the Series II Offer, expected to open in January, subject to the relevant regulatory clearance.
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Isha Doshi, of TLG Capital Investments Limited, also said: ‘’This Series II approval 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 deepening the asset class, catalyse domestic capital, and support businesses with well-structured financing that underpins sustainable growth”.
Similar to the Fund’s Series I and building on its success, Series II has been designed to raise capital from Qualified Institutional Investors (QIIs) as well as High Net Worth Individuals (HNIs) and deploy same as corporate debt to mid-sized corporate organisations in sectors that are aligned to United Nations Sustainable Development Goals (SDGs).
Specifically, Series II will focus on supporting businesses in Agriculture, Clean Energy, Education, Healthcare, IT, and Transport/Logistics.
In line with global best practices, Series II will integrate Environmental, Social, and Governance principles into its investment strategy. This ensures that capital deployment not only delivers competitive risk-adjusted returns but also promotes responsible investing and long-term impact.
