Coronation Launches N20bn Series II Fund To Mobilise Private Capital For Infrastructure

Coronation Asset Management Limited has begun its series II issuance of up to N20 billion under its N200 billion Coronation Infrastructure Fund, in a push to mobilise long-term private capital for critical infrastructure development across Nigeria.

The series II offer follows the successful completion of all regulatory requirements, including approval by the Securities and Exchange Commission (SEC), and marks the next phase in Coronation Asset Management Limited’s commitment to mobilising long-term private capital for infrastructure development.

Infrastructure remains a critical driver of economic growth, underpinning business productivity, improving connectivity and expanding access to essential services.

Registered by SEC as a 99-year closed-end Infrastructure Fund, Coronation Infrastructure Fund invests in a diversified portfolio of infrastructure debt opportunities across telecommunications, transport, energy, utilities, social infrastructure, and real estate, targeting projects, companies and Special Purpose Vehicles (SPVs) with resilient cash flows and strong credit fundamentals. Net proceeds from the series II offer will be deployed in line with the Fund’s investment objectives and policies.

Since its launch in September 2023, the Fund has raised N8.79 billion in net subscriptions through its series I issuance, delivered a 23.27 per cent net return in 2025, distributed N3.31 billion to unit holders through consistent semi-annual distributions, and successfully listed on the Nigerian Exchange (NGX), where the unit price has appreciated from N100.00 to N154.30 as at July 31, 2026.

Speaking on the launch, the managing director/chief executive officer of Coronation Asset Management Limited, Aigbovbioise Aig-Imoukhuede said, “the opening of the Series II Offer marks another important milestone in our commitment to mobilising long-term private capital for infrastructure investment. The success of our inaugural issuance demonstrated strong investor confidence in the Fund’s investment strategy and reaffirmed the growing demand for professionally managed infrastructure investment opportunities.

“Through Series II, we are expanding access to investments that seek competitive long-term risk-adjusted returns while directing capital towards infrastructure assets that support productivity, connectivity and long-term economic growth.”

Also speaking, head, Coronation Infrastructure Fund, Mayowa Ikotun said, “infrastructure investment requires patient capital, disciplined credit underwriting and a deep understanding of the underlying assets. Through Series II, we will continue to build a diversified portfolio of infrastructure debt investments across resilient sectors, maintaining our disciplined investment approach while supporting infrastructure businesses and projects with sustainable cash flows and strong credit fundamentals.”

The Series II Offer is open to qualified investors, including Pension Fund Administrators (subject to applicable PenCom investment limits), asset managers, insurance companies, multilateral and international financial institutions, High-Net-Worth Individuals and other eligible institutional investors.

The offer has a 10-year tenor, with a minimum subscription of 100,000 units and additional investments in multiples of 50,000 units thereafter. It targets a minimum return of 300 basis points above the prevailing yield on the comparable 10-year Federal Government of Nigeria Bond, subject to market conditions and the performance of the underlying investments.

Coronation Asset Management Limited is the investment management arm of Coronation Group Limited, providing innovative investment solutions across multiple asset classes to retail and institutional investors.