ABUJA, Jan 26 – FCMB Asset Management Limited opened an offer of up to ₦20 billion ($14 million) for the second series of its FCMB TLG Private Debt Fund.
The offer targets qualified institutional investors and high net worth individuals saying it will use proceeds to invest in the debt portion of mid-sized Nigerian companies that run commercially viable, impact oriented projects aligned with United Nations Sustainable Development Goals.
In addition, the Series 2 will direct funding to agriculture, clean energy, education, healthcare, information technology, and transport and logistics.
According to the firm, the fund is a naira denominated private debt programme with a total size of 100 billion naira that the Securities and Exchange Commission approved in 2024.
Series 1 closed in September 2024 and raised ₦10.43 billion, which was 4.3% above the offer size, with the manager stating that pension fund administrators were among the investors.
Despite inflation and currency pressures in Nigeria, Series 1 delivered positive real, risk adjusted returns in 2025 and paid distributions to unit holders in April and November 2025.
FCMB Asset Management chief executive officer, James Ilori said Series 2 aims to extend that track record while providing capital for businesses to scale operations.
