CardinalStone secures N12.63bn for infrastructure debt fund
CardinalStone Asset Management Limited has successfully closed Series 1 of its Infrastructure Debt Fund, raising N12.63bn from investors. The fund is part of the broader CardinalStone Umbrella Infrastructure Fund, which aims to provide flexible investment options across debt and equity. Michael Nzewi, Group Managing Director, highlighted that the strong investor interest demonstrates confidence in well-structured infrastructure investments in Nigeria. The fund will focus on deploying capital into critical sectors and aims to bridge Nigeria’s significant infrastructure investment gap.
TLDR
- CardinalStone Asset Management Limited closed Series 1 of its Infrastructure Debt Fund with N12.63bn in commitments.
- The fund is the first sub-fund under the N500bn CardinalStone Umbrella Infrastructure Fund, offering both debt and equity strategies.
- Investments will target priority sectors such as power, renewables, gas, telecoms, transportation, social infrastructure, and utilities.
- The fund adopts a disciplined investment approach with strong risk management and ESG integration.
- Elile Olutimayin and Ekeminiabasi Isung emphasized the fund’s flexibility and focus on long-term, stable returns for Nigeria’s infrastructure development.
