FCMB Asset Management Limited (FCMBAM) has achieved a significant regulatory milestone, securing approval for the second series of its private debt fund. The firm announced it has received the green light from the Securities and Exchange Commission (SEC) for the FCMB-TLG Private Debt Fund Series II Issuance of up to N20 billion.
Launch Ceremony and Fund Strategy
A formal signing ceremony was held in Lagos to execute the transaction documents, signalling the imminent launch of the offering. The event was attended by key executives including James Ilori, CEO of FCMB Asset Management, and Oyetunde Fadele, Deputy Managing Director of FCMB Capital Markets Limited.
Building on the success of its Series I, the new issuance is designed to attract capital from qualified institutional investors and high-net-worth individuals. The raised funds will be deployed as corporate debt to mid-sized companies operating in sectors that align with the United Nations Sustainable Development Goals (SDGs).
Focus on Sustainable and Impact Investing
The fund has a clear mandate to support businesses in pivotal sectors of the Nigerian economy. The issuance will focus on agriculture, clean energy, education, healthcare, IT/technology, and transport/logistics.
In a strong commitment to responsible finance, the fund will integrate Environmental, Social, and Governance (ESG) principles into its core investment strategy. This approach ensures that capital deployment aims not only for competitive risk-adjusted returns but also promotes long-term positive impact and responsible investing practices.
Leadership and Partnership Commitment
Speaking at the ceremony, James Ilori stated that the SEC's approval validates their capability to manage the fund, deepen the private debt market, and create value. "We aim to continue to support those sectors of the Nigerian economy that promote economic growth and development," Ilori said.
He commended all professional parties and the regulator, assuring them of FCMBAM's commitment, alongside its technical partner TLG Capital Investments Limited, to ensure the offer's success. The issuance is expected to open to investors in January 2026, pending final regulatory clearance.
Isha Doshi of TLG Capital highlighted the partnership's strength, noting the shared focus on building a robust local private credit ecosystem. "Through this collaboration, we are helping to deepen the asset class, catalyse domestic capital and support Nigerian businesses with long-term, well-structured financing that underpins sustainable growth," Doshi explained.
This N20 billion fund represents a major injection of targeted capital into Nigeria's real economy, channeling investment towards sustainable and developmental projects while offering institutional and high-net-worth investors a structured, impact-focused vehicle.
