FCMB-TLG Private Credit Fund
Nigeria’s First Private Credit Fund
FCMB-TLG Private Credit Fund
Launched in May 2024, the FCMB-TLG Private Debt Fund is a 10-year, closed-ended fund registered with the Nigerian Securities and Exchange Commission. Managed by FCMB Asset Management with technical support from TLG Capital, the fund achieved a ₦10 billion first series as part of a ₦100 billion programme.
The fund provides long-term, Naira-denominated debt to high-impact businesses and SPVs across agriculture, healthcare, education, clean energy, transport & logistics, and technology. By offering local currency financing, it helps mitigate FX risk for borrowers.
Backed by 19 Nigerian pension funds, the fund represents a landmark shift in local institutional capital supporting private sector growth. It is designed for qualified institutional and high-net-worth investors seeking returns above government bonds, alongside meaningful social impact.
Closed-end fund (10-year tenor)
Target return: ~3% above FGN Bonds
First Naira-denominated private debt fund
Backed by 19 Nigerian pension funds
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FCMB-TLG Fund Gets SEC Approval for Series II ESG Debt Offering
December 2025
Secured SEC approval for its Series II ESG debt offering, continuing to provide local-currency financing to mid-market companies…
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Nigeria: FCMB-TLG fund invests in education business
September 2025
₦200 million in debt financing to Howbury Nursery to support its expansion…
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Deploys Series 1 of the FCMB–TLG Private Debt Fund
August 2025
Supporting Nigerian mid-market companies and laying the groundwork for a subsequent Series 2…
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TLG co-launches Nigeria's first Naira-denominated Private Debt Fund
June 2024
TLG Capital co-launched Nigeria’s first naira-denominated private debt fund with FCMB Asset Management…
