Nigeria CommunicationsWeek reports that 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.
“We found that small companies could borrow from micro-finance institutions and large corporates could get loans from banks, but between them are the mid-sized firms generating roughly Fifteen Billion Naira (N15 billion) to One Trillion Five Hundred Billion Naira (N1.5 trillion) in annual revenue, that struggle to access suitable capital. The FCMB-TLG Private Debt Fund is designed to bridge this financing gap, providing much-needed capital to these vital contributors to Nigeria’s economy,” Ilori said.
