• Nigeria’s SEC approves FCMB-TLG Private Debt Fund Series II launch
• Fund targets ₦20 billion for corporate debt to mid-sized firms
• Strategy focuses on ESG-aligned sectors and local-currency SME financing

The FCMB-TLG Private Debt Fund has received regulatory approval from Nigeria’s Securities and Exchange Commission (SEC) to launch its Series II offering, targeting up to 20 billion naira ($13.7 million).

FCMB Asset Management Limited, the Nigerian fund manager, said the offer will open to institutional investors and high-net-worth individuals in January 2026, subject to final regulatory clearances.

Proceeds will be invested in corporate debt to mid-sized Nigerian companies across several sectors, including agriculture, clean energy, education, healthcare, technology, and transport and logistics. These sectors align with the United Nations Sustainable Development Goals.

The fund will also integrate environmental, social and governance (ESG) criteria into its investment strategy, seeking to deliver attractive risk-adjusted returns while supporting the sustainable development of Nigeria’s economy.

Following the success of its Series I issuance, the FCMB–TLG fund aims to improve access to local-currency financing for Nigerian small and medium-sized enterprises, at a time of strong capital demand and heightened market volatility.

Co-managed by London-based investment firm TLG Capital and FCMB Asset Management Limited, the fund was launched in June 2024. Structured as a 10-year closed-end vehicle, it targets financially viable, high-impact companies and offers investors periodic income through regular distributions, with an emphasis on capital preservation.

Sandrine Gaingne