FCMB-TLG: N20bn series 2 Private Debt Fund targets institutional investors, high networth individuals

FCMB Asset Management Limited is set to open the Series 2 of FCMB-TLG Private Debt Fund offer of up to N20 billion for investment.

The FCMB-TLG Private Debt Fund Series 2 represents a continuation of FCMBAM’s commitment to offering Qualified Institutional Investors (QIIs) and High Networth Individuals (HNIs) access to wellstructured and diversified private debt opportunities, building on the strong performance of the Fund’s Series 1.

The Offer, which follows the receipt of all the necessary regulatory approvals is scheduled to open on Monday January 26, to QIIs and HNIs and will be open for subscription for a specified period of time in line with regulatory approval.

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.

Read also: FCMB Asset Management secures approval for N20bn private debt fund expansion

Series 1 of the Fund closed in 2024 with significant investor interest in a N10 billion Offer that was 4.3 percent oversubscribed, as a total of N10.43 billion was raised from five different investor categories, including top-rated Pension Fund Administrators (PFAs).

The Fund’s Series 1 delivered positive real and competitive riskadjusted 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 incomegenerating asset class that offers protection against inflation.

FCMB Asset Management Limited, 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.

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 United Nations (UN) Sustainable Development Goals (SDG) 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, IT/Technology, and Transport/Logistics.

FCMB Asset Management Limited said it will 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.

Series 2 will 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, support Nigeria’s real economy, thereby contributing to the country’s economic growth and development; provide suitable debt capital required to scale the operations of mid-sized companies in selected sectors of the economy; and support the attainment of the United Nations (UNs) Sustainable Development Goals (SDGs).

Iheanyi Nwachukwu, is a creative content writer with almost two decades journalism experience writing on banking, finance, capital markets, and tax. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos.

Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA).

Other trainings Iheanyi attended include: Economic/Political Risk Analysis (By Thomson Reuters Foundation); International Financial Journalism (IFJ) (By PMA Media Training, UK); Effective Business Writing Skills (By Phillips Consulting); Reporting on Corporate Governance (By International Finance Corporation (IFC) & Thomson Reuters Foundation UK); etc. In addition, he has participated in high-level economy & markets events in Dubai, South Africa, Morocco, and other African countries like Zambia, Ghana and Gambia.

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