United Capital Plc, an investment management and financial services group, has announced the launch of its Infrastructure Fund Series III Issuance of up to N10 billion, under the N150 billion Shelf Programme.
In a statement on Friday, the company said that this follows the successes of the first two issuances, which garnered substantial subscriptions and positive feedback from investors.
“The United Capital Infrastructure Fund (UCIF) was conceptualised to address the critical infrastructure deficit in Nigeria. By pooling resources from investors, the fund aims to invest in high-impact projects across various sectors including transportation, power, renewable energy, agriculture, healthcare, telecommunications, and more,” it said.
The fund is managed by United Capital Asset Management Limited, a subsidiary of United Capital Plc. It offers investors opportunities in de-risked infrastructure assets capable of generating stable long-term income.
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The statement further disclosed that the Series III issuance targets an Annual Gross Return of up to 23 percent, an increase from the previous issuances, which reported a Year-to-Date Gross Return of 21.93 percent as of May 2024.
Uchenna Mkparu, chief investment officer and fund manager of United Capital Infrastructure Fund said the success of the firm’s previous issuances demonstrates the trust investors have in their investment appraisal, due diligence, and governance processes.
“We are confident that our Series III offering will continue to deliver substantial returns for our investors. Most importantly, we are eager to continue our commitment to making a tangible impact on Nigeria’s infrastructure landscape through investments in sustainable and climate-resilient infrastructure.”
