A subsidiary of Stanbic IBTC Holdings Plc., Stanbic IBTC Asset Management Limited, has opened its N15 billion Series II Offer under the Stanbic IBTC Infrastructure Fund N100 billion Shelf Programme.
It was learnt that the offer would close on Friday, 10th June, 2022.
According to the institution, the fund is 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.
It is structured as a close-ended collective investment scheme and seeks to provide competitive returns above the benchmarked Federal Government’s 10-year-bond yield.
The Chief Investment Officer, Stanbic IBTC Infrastructure Fund, Dolu Olugbenjo, said, “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.”
