FCMB Asset Management to raise N20b for SDG investments

FCMB Asset Management (FCMBAM) Limited plans to raise up to N20 billion in debt capital for additional investments in companies which operations promote United Nations’ Sustainable Development Goals (SDGs).

The FCMB-TLG Private Debt Fund, being managed by FCMBAM, is offering its second issuance to raise N20 billion, following the receipt of all the necessary regulatory approvals.

The FCMB-TLG Private Debt Fund is Nigeria’s first naira-denominated private debt fund, with programme size of N100 billion, which was approved by the Securities and Exchange Commission (SEC) in 2024.

The Series 1 of the Fund closed in 2024 with significant investor interest in a N10 billion offer that was oversubscribed by 4.3 per cent, as a total of N10.43 billion was raised from five different investor categories, including top-rated pension fund administrators (PFAs).

FCMBAM stated that the FCMB-TLG Private Debt Fund Series 2 represented a continuation of the company’s commitment to offering qualified institutional investors (QIIs) and high networth individuals (HNIs) access to well-structured and diversified private debt opportunities, building on the strong performance of the Fund’s Series 1.

“The Fund’s Series 1 delivered positive real and competitive risk-adjusted return on investment in 2025 and paid distribution to unitholders in April and November 2025 despite prevailing macroeconomic headwinds; thus, reaffirming the relevance of private debt as a resilient income generating asset class that offers protection against inflation,” FCMBAM stated.

FCMBAM, as fund manager, worked with key stakeholders, including its technical partner, TLG Capital Investments Limited (TLG Capital), the lead issuing house, FCMB Capital Markets, joint issuing houses, Stanbic IBTC Capital and Coronation Merchant Bank, as well as other professional parties to design the Fund’s Series 2 which is targeted at QIIs and HNIs.

According to the company, similar to Series 1, Series 2 will aim to invest in the debt component of the capital structure of mid-sized companies with commercially viable and impact-oriented activities in sectors of the Nigerian economy aligned with the UN SGDs  while providing investors with an opportunity to earn competitive risk-adjusted return on investment.

The upcoming Series will also support businesses in agriculture, clean energy, education, healthcare, information technology and transport and logistics.

FCMBAM assured that it would continue to leverage its carefully designed and disciplined investment process, deep credit evaluation techniques, and rigorous duediligence framework to identify creditworthy mid-sized corporate organisations with strong operating fundamentals to be supported by the Fund.

The company outlined that Series 2 would provide QIIs and HNIs with another opportunity to participate in the FCMB-TLG Private Debt Fund as it has been designed to generate periodic income, thereby contributing to the investor’s cashflows, offer competitive risk-adjusted return on investment and support Nigeria’s real economy, thereby contributing to the country’s economic growth and development.

FCMBAM added that the new capital raising provides suitable debt capital required to scale the operations of mid-sized companies in selected sectors of the economy while supporting the attainment of the UN SGDs.

The offer is scheduled to open on Monday January 26, 2026, to QIIs and HNIs and will be open for subscription for a specified period of time in line with regulatory approval.

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