Subscription for Stanbic IBTC Infrastructure Fund Series II Begins

May 12, 2022
Stanbic ibtc asset management (1)

By Dipo Olowookere

Despite the tough macroeconomic environment, investors can still earn a reasonable amount of income to meet their various financial needs while helping the government solve the problems.

Nigeria is a nation battling a wide infrastructural gap, which has made it difficult for the economy to stand on its feet for long. To help address this issue, Stanbic IBTC Asset Management Limited came up with a product called Stanbic IBTC Infrastructure Fund.

The initiative hopes to raise about N100 billion to be invested in critical projects that will yield income for subscribers.

Last year, the company launched the N100 billion Stanbic IBTC Infrastructure Fund and it attracted various categories of investors from institutional to high net-worth individuals and others.

The company has opened the second series of the programme and will run through to Friday, June 10, 2022. The size of the offering is N15 billion, according to a statement from the firm.

“Subsequent to the deployment of Series I proceeds, we are pleased to present the offer to investors to support a robust pipeline of investment opportunities currently under our review.

“These include infrastructure and infrastructure-related project opportunities in healthcare, transport, logistics, renewable power and energy, amongst others,” the Chief Investment Officer of Stanbic IBTC Infrastructure Fund, Mr Dolu Olugbenjo, said.

“We encourage institutional investors to continue participating in the Stanbic IBTC Infrastructure Fund by partnering with us to bridge the existing infrastructure asset gap that could deliver positive social and economic multiplier effects,” Mr Olugbenjo added, assuring that the company will deliver competitive investment returns to investors within acceptable risk thresholds.”

As earlier stated, the initiative was designed to bridge the gap between the long-term funding needs of promoters of infrastructure projects and the needs of investors with long-term capital.

The fund, which is structured as a closed-ended collective investment scheme, seeks to provide competitive returns above the benchmark Federal Government of Nigeria’s 10-year bond yield.

The fund manager successfully closed its Series I offer in September 2021 and raised N6.745 billion across diverse investors, including Pension Fund Administrators, Asset Management Companies, Insurance Companies, and HNIs, with proceeds deployed towards the energy and healthcare sectors.

Interested investors can click here to fill out the form and expect a call from a representative of the organisation within 72 hours.

Dipo Olowookere

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan.

Mr Olowookere can be reached via [email protected]

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