SEC Approves Nigeria’s First Naira-Denominated Private Debt Fund: FCMB-TLG Private Debt Fund
The Securities and Exchange Commission (SEC) has approved Nigeria’s first naira-denominated private debt fund, the FCMB-TLG Private Debt Fund. Established in May 2024, the fund is managed by FCMB Asset Management Limited in collaboration with TLG Capital Investments Limited.
The fund aims to raise N10 billion under Series 1 of its N100 billion program. It targets qualified institutional investors and high-net-worth individuals, focusing on sectors that align with the UN Sustainable Development Goals (SDGs). By offering competitive risk-adjusted returns, the fund seeks to drive sustainable economic growth in Nigeria.
The Nigerian equities market began the week on a positive note, with renewed investor interest in oil and gas stocks increasing the overall market capitalization by N324 billion.