FCMB-TLG private debt fund series 2 to open with N20bn offer

FCMB Asset Management Limited (FCMBAM) has disclosed that the FCMB-TLG Private Debt Fund Series 2, with an offer size of up to N20 billion, will open for investment following the receipt of all required regulatory approvals. The Series 2 offer reinforces FCMBAM’s commitment to providing Qualified Institutional Investors (QIIs) and High Net Worth Individuals (HNIs) […]

FCMB Asset Management Limited (FCMBAM) has disclosed that the FCMB-TLG Private Debt Fund Series 2, with an offer size of up to N20 billion, will open for investment following the receipt of all required regulatory approvals.

The Series 2 offer reinforces FCMBAM’s commitment to providing Qualified Institutional Investors (QIIs) and High Net Worth Individuals (HNIs) with access to well-structured, diversified private debt investment opportunities, building on the strong performance recorded by the Fund’s maiden Series 1.

The FCMB-TLG Private Debt Fund is Nigeria’s first Naira-denominated private debt fund, operating under a N100 billion programme size approved by the Securities and Exchange Commission (SEC) in 2024.

Series 1 of the Fund, which closed in 2024, attracted strong investor participation, with its N10 billion offer oversubscribed by 4.3 per cent, raising N10.43 billion from five investor categories, including top-tier Pension Fund Administrators (PFAs).

Despite prevailing macroeconomic headwinds, Series 1 delivered positive real and competitive risk-adjusted returns in 2025, with distributions paid to unitholders in April and November 2025.

The firm in a statement said the performance underscored the growing relevance of private debt as a resilient income-generating asset class capable of preserving value and offering protection against inflation.

FCMB Asset Management Limited, as Fund Manager, worked closely with key stakeholders in structuring the Series 2 offer. These include TLG Capital Investments Limited as Technical Partner, FCMB Capital Markets as Lead Issuing House, joint Issuing Houses Stanbic IBTC Capital and Coronation Merchant Bank, alongside other professional advisers.

Like Series 1, Series 2 will focus on investing in the debt component of the capital structure of commercially viable, mid-sized Nigerian companies with strong operating fundamentals and measurable developmental impact.

The Fund will prioritise sectors aligned with the United Nations Sustainable Development Goals (SDGs), including Agriculture, Clean Energy, Education, Healthcare, Information Technology, and Transport and Logistics.

FCMBAM said it will continue to deploy its disciplined investment process, robust credit evaluation techniques, and rigorous due diligence framework to identify and support creditworthy businesses while safeguarding investor value.

According to the firm, the Series 2 offer has been designed to generate periodic income to support investors’ cash flows; deliver competitive risk-adjusted returns; support Nigeria’s real economy and economic development; provide scalable debt capital to mid-sized enterprises and contribute to the achievement of the United Nations Sustainable Development Goals (SDGs).

The offer is scheduled to open on Monday, January 26, 2026, and will be available to Qualified Institutional Investors and High Net Worth Individuals for a specified subscription period, in line with regulatory approvals.