FCMB asset management's private debt fund targets mid-Sszed Blbusinesses
FCMB asset management's private debt fund targets mid-Sszed Blbusinesses Aug.28, 2024 FCMB Asset Management Limited (FCMBAM), acting as Sponsor and Fund Manager, with technical support from TLG Capital Investments Limited (TLG Capital), United Kingdom, recently launched Nigeria's first Naira-denominated Private Debt Fund, the FCMB-TLG Private Debt Fund (the Fund). The Fund aims to improve mid-sized companies' access to suitable capital in Nigeria while offering investors an opportunity to earn a competitive risk-adjusted return on investment. In a recent interview with Bloomberg, James Ilori, the CEO of FCMB Asset Management, shared his vision for the Fund. He sees the fund as a catalyst for transforming Nigeria's financial landscape. Private Debt, also known as Private Credit internationally, has the potential to diversify investment portfolios and drive economic growth and development. "We found that small companies could borrow from micro-finance i...