Following success of the first tranche of Stanbic IBTC N100 billion Infrastructure Fund, Series II, which was released early in May this year, interested investors have been charged to take advantage of the offer before its closing date on Friday, June 10.

In a statement, yesterday, Chief Investment Officer, Stanbic IBTC Infrastructure Fund, Dolu Olugbenjo, said the capital was to deliver returns to investors within acceptable risk thresholds.

Dolu said the fund would be deployed to support infrastructure in healthcare, transport, logistics, renewable energy, power and others.

“The fund is designed to bridge gap between the long-term funding needs of promoters of infrastructure projects and investors with long-term capital. The fund, which is structured as a close-ended collective investment scheme, seeks to provide competitive returns above the benchmarked Federal Government’s bond yield of comparable tenor as outstanding tenor of Series II from time to time,” he said.

Olugbenjo, therefore, encouraged interested investors to take advantage of the window of opportunity.

“We encourage institutional investors to continue participating in the Stanbic IBTC Infrastructure Fund issuances as we proceed with efforts to bridge existing infrastructure asset gap through careful project selection that delivers positive social and economic multiplier effects,” he said.