Clean Energy Fund Announces the Successful Closure of Series 2 Capital Raise for Institutional Investors

FundCo Capital Managers Limited is proud to announce the successful closure of the Series 2 capital raise for the Clean Energy Local Currency Fund. The round was oversubscribed, ultimately securing ₦15 Billion from a consortium of leading Nigerian pension fund administrators and insurance companies.

Strong Market Confidence

This successful capital raise underscores the growing appetite among domestic institutional investors for high-quality, climate-aligned alternative assets. The Fund's unique structure, which utilizes credit enhancement to achieve an investment-grade rating, continues to resonate strongly with investors seeking both yield and impact.

Deploying Capital for Impact

The proceeds from the Series 2 raise will be deployed immediately into a robust pipeline of vetted clean energy projects across Nigeria. Our focus remains on commercial and industrial (C&I) solar installations, mini-grids for underserved communities, and energy efficiency retrofits.

"This ₦15 Billion injection allows us to significantly scale our impact, bringing reliable, clean power to thousands of new businesses and households."

We anticipate that this new capital will facilitate the creation of over 500 new direct jobs in the renewable energy sector and avoid an estimated 45,000 tonnes of CO2 emissions annually once the projects are fully operational.

Commitment to Transparency

As always, we remain committed to the highest standards of governance and transparency. Investors will receive detailed quarterly reports tracking both financial performance and verified environmental impact metrics, ensuring complete visibility into how their capital is driving positive change.