Coronation Asset Management Limited has launched a Series II issuance to raise up to N20 billion for its infrastructure fund.
Expanding the Infrastructure Fund
The current offer is part of a larger N200 billion infrastructure fund managed by the firm. This latest series is designed to secure additional capital to support essential infrastructure projects.
By opening the Series II issuance, Coronation Asset Management is expanding the available investment pool for assets that typically provide critical public services and long-term economic utility.
Strategic Funding Goals
The N20 billion target for this series represents a specific tranche of the broader N200 billion fund ceiling. Infrastructure funds of this scale are generally used to bridge the funding gap for large-scale developments that require significant upfront investment and professional management.
This move allows the asset manager to deploy more capital into projects that support national development while offering investors an entry point into infrastructure assets.
The issuance provides a mechanism for participants to contribute to the funding of projects that are essential for economic growth and the improvement of public utilities.
Explore more Money stories and analysis from Business Elites Africa.
