Stanbic IBTC Infrastructure Fund Series II Attracts Investors

By Aduragbemi Omiyale

The N15 billion Stanbic IBTC Infrastructure Fund Series II has continued to generate the interest of investors, who see the asset class as another opportunity to earn income while contributing to efforts to resolve the infrastructural deficit in Nigeria.

Last year, the organisation introduced the infrastructural fund worth N100 billion to assist the government put up projects that have benefits for the economy while also allowing subscribers get something in return.

The first tranche was embraced by investors across various levels and in the second tranche, which opened in May 2022 and ends on Friday, June 10, 2022, is not different.

The initiative, designed by Stanbic IBTC Asset Management Limited, the Fund Manager and subsidiary of Stanbic IBTC Holdings PLC, has assured investors a transparent use of proceeds from the exercise.

The fund, which is structured as a closed-ended collective investment scheme, seeks to provide competitive returns above the benchmark Federal Government of Nigeria bond yield of comparable tenor as the outstanding tenor of the Series II from time to time.

The Fund Manager successfully closed its Series I offer in September 2021 and raised capital from a diverse group of investors, including Pension Fund Administrators, Asset Management Companies, Insurance Companies, and High Net-worth Individuals. The proceeds of the Series I offer were deployed towards gas distribution value chain infrastructure and healthcare infrastructure.

“We encourage institutional investors to continue participating in the Stanbic IBTC Infrastructure Fund issuances as we proceed with the efforts to bridge the existing infrastructure asset gap through careful project selection that delivers positive social and economic multiplier effects,” Mr Dolu Olugbenjo, Chief Investment Officer, Stanbic IBTC Infrastructure Fund, said.

He added that the fund aims to deliver competitive investment returns to investors within acceptable risk thresholds, reiterating that the fund will be deployed to support infrastructure and infrastructure-related project opportunities in healthcare, transport, logistics, renewable energy, and power amongst others.

Interested investors have been encouraged to go online and fill out the form and a representative will contact them within 72 hours.