TLG Capital is very excited to announce the first close of N10.4 billion in Series 1 of their N100 billion private debt fund, the first in Nigeria's financial history. This marks the first-ever local currency private debt fund in the country with 17 investors subscribing across the Nigeria ecosystem and attracting some of the best known Pension Fund Administrators in the country.
FCMB Group / FCMB Asset Management Limited and TLG Capital are driving this innovation, empowering local markets and offering a critical solution to the persistent exchange rate risk that has challenged US$ investors in Sub-Saharan Africa for years.
With 104.3% oversubscription in the initial offer, this strong investor interest reaffirms the confidence in Nigeria’s capital market and the potential of local currency debt to reshape the landscape.