NGX Lists N4.075bn AVA Infrastructure Fund

Nigerian Exchange Limited (NGX) has listed N4.075 billion AVA Infrastructure Fund Series one on its trading platform.

The listing marks a pivotal moment for AVA Global Asset Managers as it seeks to address Nigeria’s significant infrastructure deficit through strategic and impactful investment.

The fund has been established to address Nigeria’s infrastructure deficiencies by directing institutional capital towards infrastructure projects. The fund aims to support innovative businesses operating in various sectors, such as power, telecommunications, agribusiness, supporting infrastructure, gas distribution, processing, and storage.

The fund’s primary objective is to provide a consistent and reliable source of income to unit holders through debt financing for infrastructure projects in Nigeria. The fund focuses on projects or businesses that provide essential economic and social services, exhibit stable cash flows, and utilise long-lived assets.

Speaking at the Fund’s Closing Gong Listing Ceremony, vice chairman, AVA Global Asset Managers, Kayode Fadahunsi emphasised the sustainability of the fund saying, “we are committed to upholding the highest standards of transparency, governance and sustainability. The AVA Infrastructure Fund will not only seek returns for investors but will ensure that every investment decision is guided by principles that promote environmental stewardship, social responsibility, and economic inclusivity.”

The CEO, AVA Global Asset Managers, Efe Shaire said that the fund was conceived to support and bridge Nigeria’s infrastructure gap by providing long-term capital to critical sectors including Energy and Power, Gas Distribution among others.

He said, “the listing of AVA Infrastructure Fund on NGX opens up new opportunities for collaboration and growth and allows us to tap into the deep pools of capital and liquidity available within the Nigerian market while providing investors with access to a well-structured, transparent, and professionally managed investment vehicle.”

The chief executive officer of NGX, Jude Chiemeka, stated that, “we are delighted that AVA Global Asset Managers Plc has chosen to use this platform to communicate the listing of the N4.075 billion AVA Infrastructure Fund Series 1 to the investment community.”

NGX commended AVA Global Asset Managers for their commitment to enhancing the infrastructure sector and increasing investment opportunities, saying the ceremony highlighted the impact of strategic investments in fostering economic growth and innovation.

Analysts stated that, “this AVA Infrastructure Fund Series 1 Issuance listed on NGX opens up new opportunities for collaboration and growth and allows us to tap into the deep pool of capital available within the Nigerian market while providing investors with access to a well-structured, transparent, and professionally managed investment vehicle focused on infrastructure project financing.”