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Infrastructure Bank to float asset management firm

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THE Infrastructure Bank (TIB) has concluded arrangements to create an asset management subsidiary to manage portfolios of private investors in infrastructure projects in the country.

The Managing Director of TIB, Adekunle Oyinloye, disclosed this at a press conference in Lagos at the weekend.
He said that the TIB Assets Management Company would assist potential investors to manage their investments in infrastructure more professionally.

TIB Assets Management Company would assist potential investors to manage their investments in infrastructure more professionally.

Oyinloye said that funds available to the company would be better managed by professional fund managers or made available on the capital market as quasi or private equities.

He explained that the bank’s duty in the whole arrangement would be to see that projects were well conceptualised, dissected and de-risked to make them bankable.

The bank’s chief executive stressed that the benefits of an assets management company was to give investors clarity as to the timeframe on when to go in and to exit from investments.
“Our job as infrastructure bank is to take them through that process and create bankable projects with clear exit for debt providers, investors, quasi equities and others.
“We are so friendly with those own funds and who are looking for where to invest with a clear clarity as to when and how to exit.
“Our shareholders’ fund is just to enable us to run when we have ideas initiated by the bank.
“The funds provide the initial capital for the bank to run projects such that fellow investors would come in,” he said.


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