SAT AUG 08 2026-theGBJournal| The Coronation Infrastructure Fund Series II, issued under the asset manager’s ₦200 billion shelf programme, is now open for subscription and will close on September 11, 2026.
The 10-year closed-ended unit trust, approved by the Securities and Exchange Commission as an infrastructure fund, is priced at ₦107 per unit and targets a minimum return of 300 basis points above the prevailing yield on the 10-year FGN Bond.
The offer is aimed at qualified institutional investors, with a minimum subscription of 100,000 units, followed by multiples of 50,000 units.
The new issuance builds on the fund’s first series, which raised ₦8.79 billion from 33 investors across four investor categories.
Pension Fund Administrators accounted for 42% of the capital raised, underscoring institutional demand for infrastructure-linked credit and long-duration investment opportunities.
Since inception, the fund has distributed ₦3.31 billion in income to unit holders, according to Coronation, as it has expanded its focus on infrastructure debt backed by projects and assets with relatively predictable cash flows.
Series II proceeds will be deployed as debt financing for infrastructure and infrastructure-related projects, companies and special-purpose vehicles.
The investment mandate spans both greenfield and brownfield projects, as well as long-life assets across telecommunications, real estate, utilities, social infrastructure, transport and energy.
The fund is managed by Coronation Asset Management, which is rated A(IM) by Agusto & Co. and A by Global Credit Ratings.
The manager said its investment capabilities have also received international recognition, including Euromoney’s Nigeria’s Best Investment Manager for Private Credit 2026 award.
The latest fundraising comes as Nigeria seeks to narrow a persistent infrastructure financing gap, with institutional capital increasingly expected to complement public-sector spending and traditional bank lending.
By targeting infrastructure debt rather than direct equity exposure, the fund is positioned to offer investors access to long-term infrastructure assets while focusing on income generation, capital preservation and risk-adjusted returns.
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