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Home Business & Finance

FCMB Asset Management Launches Nigeria’s First Private Credit Fund

Nnaemeka OkwarabyNnaemeka Okwara
August 8, 2024
in Business & Finance
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FCMB Asset Management Launches Nigeria’s First Private Credit Fund
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FCMB Asset Management Ltd. is launching Nigeria’s first ever private credit fund for medium enterprises in the country. The fund plans to raise a total of 100 billion Naira (about 63 million dollars) over a period of one year with the first tranche amounting to 10 billion Naira.

In a country facing fast rising inflation and declining yields which have left most local currency financial instruments at a loss, this is an alternative asset class for local pension funds and institutional investors seeking positive real returns in Nigeria.

UK-based TLG Capital has been appointed as the technical partner for the fund who will bring expertise and guide the initiative. The partnership will give strategic support as well as improve on decision making concerning investments by the private credit fund.

The private credit fund aims at addressing financing inadequacies for mid-sized firms thereby fostering economic growth and development within Nigeria. By availing capital, it will help such businesses grow their operations, improve productivity levels and create job opportunities.

This fund’s introduction is a milestone in Nigeria’s financial landscape; it is an opportunity for investors and a critical funding source for mid-sized businesses. FCMB Asset Management Ltd. will take up the responsibility of driving economic growth as well as developing Nigeria.

FCMB Asset Management Ltd., one of Nigeria’s top asset management firms, has always been known for delivering first-class investment solutions. The company boasts  a strong reputation which makes it a respected choice when targeting investors desiring to make good investments considering Nigeria’s emerging economy.

This fund launch is likely to cause a stir among local pension funds and institutional investors wishing to diversify their portfolio and earn high real rates of return. The benefit is that with TLG Capital providing technical know-how while FCMB Asset Management Ltd provides local insights, this fund stands in a good position to achieve its aims and also make some headway into Nigeria’s economy.

Tags: assetCredit fundFCMBFCMB Asset Management Launches Nigeria's First Private Credit Fundfederal characterNewsNigeria
Nnaemeka Okwara

Nnaemeka Okwara

Okwara Nnaemeka Emmanuel is a skilled wordsmith, passionate blogger, and content writer with a degree in Media Content, He has made a significant mark in the industry. He also holds certification in Marketing and advertising. He has honed a unique blend of creativity and strategic thinking.Driven by a belief in the power of creativity, He has established a niche for himself in diverse regions, leaving a trail of successful projects and satisfied clients. His ability to craft compelling narratives and engage audiences sets him apart in the competitive world of content creation.As a dedicated professional, He continues to push boundaries and set new landmarks in their field. Whether it's through captivating blog posts, persuasive copywriting, or innovative content strategies, Nnaemeka’s consistently delivers excellence, leaving a long lasting impact

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