Get Guardian on GoogleThe Coronation N8.79 billion infrastructure fund (CIF), which made headlines earlier in 2024 for achieving the largest capital raise in a Series I issuance for an infrastructure fund in Nigeria, has been listed on the Main Board of the Nigerian Exchange (NGX).
The N8.79 billion listing comprising 87.9 million units at N100 per unit positions the Coronation Infrastructure Fund (CIF) as a category-defining product in Nigeria’s capital market.
For investors seeking long-term exposure to infrastructure-led growth, CIF offers a compelling and professionally managed platform. Managed by Coronation Asset Management Ltd, a subsidiary of Coronation Group, the listing marks a significant product milestone in the evolution of Nigeria’s alternative investment landscape.
With 87.9 million units listed at N100 per unit, CIF becomes an accessible, liquid product for investors eager to participate in Nigeria’s infrastructure revolution delivered through a platform that prioritises risk-managed growth and real economic impact. The fund builds on Coronation’s product ethos: delivering solutions that are not just investable, but transformational.
Chief Executive Officer, Coronation Asset Management, Aigbovbioise Aig-Imoukhuede said: “At Coronation, our belief is simple: great products can shape economies. The Coronation Infrastructure Fund is one such product: rooted in deep market insight, backed by strong governance, and built to generate wealth sustainably.
“More importantly, it plays a catalytic role in addressing Nigeria’s infrastructure deficit by directing long-term capital into the sectors that matter most: transport, energy, housing, and beyond.”
The CIF is Nigeria’s best-performing maiden infrastructure fund, already distributing N1.7 billion in dividends and establishing a strong track record across critical sectors, including transportation, energy, real estate, and utilities.
The fund offers investors a unique blend of capital preservation, semi-annual income, and impact investing, packaged as a professionally managed product.
Also speaking on the fund, Head, Coronation Infrastructure Fund at Coronation Asset Management, Mayowa Ikotun, said: “CIF’s listing marks a turning point. It’s the moment infrastructure investing becomes democratised through our product offering. This is what we do at Coronation: we turn vision into investable outcomes.”
