ARM launches N200bn fund to boost SME financing
ARM Investment Managers has introduced a N200bn private debt programme to improve access to long-term funding for small and medium-sized enterprises in Nigeria. Deji Opeola, CEO of the ARM Private Debt Fund, announced the launch of Series I of the fund during an event in Lagos. The fund aims to provide structured capital to scalable SMEs and offer stable returns to investors. Wale Odutola, Group CEO of ARM Holdings, emphasized the importance of private debt in supporting Nigeria’s economic growth and inclusivity.
TLDR
- Deji Opeola revealed that the Series I offering targets an initial raise of N25bn as part of a broader N200bn programme.
- The fund will focus on sectors like manufacturing, trade, agribusiness value chains, services, logistics, and technology-enabled businesses.
- The initiative aims to bridge Nigeria’s $32.2bn SME financing gap and address limited access to long-term credit.
- At least 80 per cent of the portfolio will be invested in senior secured, asset-backed, and covenant-protected facilities.
- Wale Odutola stated that substantial investment in alternative asset classes is essential for inclusive economic growth in Nigeria.
