An investment management firm and a subsidiary of First HoldCo Plc, First Asset Management, a leading investment management firm and subsidiary of First HoldCo Plc, has officially launched an N100 bn infrastructure fund aimed at providing capital to infrastructure projects across Nigeria.
In a statement on Sunday, the launch marks a strategic effort to bridge Nigeria’s persistent infrastructure financing gap, supporting sectors essential for economic transformation and sustainable development. The fund targets large-scale projects in renewable energy, power, recycling, waste management, and water resource development.
As part of the fund’s rollout, First Asset Management has introduced the Series 1 Offer, a N20bn tranche with a tenor of ten years. The Series 1 Offer targets qualified investors with a minimum investment threshold of N10 m, focusing on pension funds, institutional investors, development finance institutions, and high-net-worth individuals.
Managing Director of First Asset Management, Ike Onyia, said the fund represents a major step in the company’s commitment to fostering national development through innovative financial solutions.
“This launch represents a bold step forward in actualising our promise to support transformative projects that unlock economic potential, empower communities, and align with the global drive towards sustainable finance,” Onyia stated.
He emphasised the fund’s alignment with environmental, social, and governance principles, noting that the initiative will foster collaboration between the private and public sectors on capital-intensive projects, adding that the fund is designed not only to deliver stable financial returns but also to create jobs, enhance social welfare, and improve Nigeria’s environmental outlook.
The infrastructure fund is denominated in naira and structured to provide stable income streams derived from investments in Nigeria’s infrastructure projects. This long-term investment instrument is tailored to attract investors seeking steady returns while contributing directly to national development priorities.
First Asset Management’s N100bn infrastructure fund aims to mobilise private capital for projects that improve productivity, reduce pollution, and enhance the quality of life across Nigerian communities. The fund’s sustainable and impact-driven approach sets a new standard for capital mobilisation in the country’s financial markets.
This initiative underscores First Asset Management’s ongoing commitment to delivering innovative investment products that build investor confidence and support Nigeria’s enduring economic growth.
The PUNCH reported that First Asset Management Limited has announced that it surpassed N1tn in Assets Under Management.
