FCMB Asset Management Limited (FCMBAM) and TLG Capital have announced the full deployment of the oversubscribed FCMB–TLG Private Debt Fund Series 1 and are now set to launch Series 2.
The successful raise and deployment underscore the accelerating demand for private debt as a scalable, risk-managed source of capital for Nigeria’s productive economy.
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. Series 2 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, a press statement said.
It said details will be announced, subject to applicable regulatory approval from the Securities and Exchange Commission (SEC). The fund targets competitive risk-adjusted returns alongside tangible development outcomes, focusing on key sectors such as healthcare, education, transport and logistics, as well as 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,” Chief Executive Officer, FCMB Asset Management Limited, James Ilori, said.
“We are seeing stronger private credit opportunities in Nigeria now than at any point in the last fifteen years. Through Series 1, we have demonstrated that the asset class is investable at scale, enabling local institutions to participate with confidence. Our partnership with FCMB Asset Management brings together their fiduciary strength with our Africa Private Credit expertise.
“This partnership is turbocharged by the UK Manufacturing Africa programme and McKinsey, who provide hands-on value creation for our portfolio companies. Through capital investment and capacity building, we help leading Nigerian businesses to grow, make an impact, and create jobs while delivering strong returns. For institutions with Naira liabilities, this is the best way to invest,” said Co-founder, TLG Capital, Isha Doshi.
