FCMB, TLG Capital to launch series 2 of first private debt fund
FCMB Asset Management Limited (FCMBAM) and TLG Capital have announced the full deployment of the oversubscribed FCMB–TLG Private Debt Fund Series 1. The series one was backed by 16 investors, including leading Pension Fund Administrators (PFAs) while financing was provided to five Nigerian companies. Proceeds targeted essential sectors with clear economic and social multipliers: Agriculture: […]
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FCMB Asset Management Limited (FCMBAM) and TLG Capital have announced the full deployment of the oversubscribed FCMB–TLG Private Debt Fund Series 1.
The series one was backed by 16 investors, including leading Pension Fund Administrators (PFAs) while financing was provided to five Nigerian companies.
Proceeds targeted essential sectors with clear economic and social multipliers: Agriculture: financing for one of Nigeria’s largest cocoa exporters, to expand its exports.
Healthcare: support for one of Nigeria’s largest producers of medical consumables (including syringes and facemasks) to bolster local health security.
A statement at the weekend indicated that in response to investor demand and a strong pipeline, FCMBAM and TLG Capital are set to launch Series 2 of the FCMB–TLG Private Debt Fund.
Daily Trust reports that private debt is privately negotiated between the lender (the private debt fund) and the borrower (the company). This allows the lender and borrower to tailor the terms of the loan or debt.
Series 2, the statement said, will continue to provide senior secured financing to resilient mid‑market businesses in essential sectors, maintaining the Fund’s disciplined underwriting, covenant protection, and measurable impact framework.
Further details will be announced subject to applicable regulatory approval from the Securities and Exchange Commission, Nigeria.
The Fund targets competitive risk‑adjusted returns alongside tangible development outcomes, focusing on key sectors such as Healthcare, Education, Transport and Logistics, and Clean Energy.
“Providing alternative access to suitable capital by mid-sized companies in sectors that align with the United Nations Sustainable Development Goals and delivering competitive risk-adjusted return on investment to investors are the key objectives of the FCMB-TLG Private Debt Fund.
“The Fund successfully met these objectives under Series 1, contributing meaningfully to Nigeria’s economic growth and development. This aligns with FCMB’s broader Purpose: To foster inclusive and sustainable growth in the communities we serve. We remain committed to working closely with our partners and regulators to continue delivering exceptional value to all our stakeholders, as we prepare to launch Series 2 of the Fund,” said James Ilori, Chief Executive Officer, FCMB Asset Management Limited.
Co‑Founder, TLG Capital, Isha Doshi on his part said, “We’re seeing stronger private credit opportunities in Nigeria now than at any point in the last fifteen years. Through Series 1, we have proven that the asset class is investable at scale so that local institutions can participate with confidence. Our partnership with FCMB Asset Management brings together their fiduciary strength with our Africa Private Credit expertise.”