CORONATION INFRASTRUCTURE FUND
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About The Fund
The Coronation Infrastructure Fund (the “Fund” or “CIF”) is a close-ended debt fund officially registered with the Securities and Exchange Commission (“SEC”) as part of a N200 billion Shelf Programme under the guidelines for Infrastructure Funds. The Fund is sponsored by Coronation Asset Management Limited (“Coronation AM” or the “Fund Manager”) to make long-term debt investments in businesses operating within specific sectors in Nigeria and sub-Saharan Africa. We are dedicated to delivering sustainable returns through strategic investments in transformative projects.
Why Choose Coronation Infrastructure Fund
The Fund will selectively pursue investment in Infrastructure projects with resilient cashflows underpinned by strong contracts and business fundamentals. The Fund manager is one of Nigeria’s leading asset managers with an A-grade Investment Manager rating from both Agusto &Co and GCR ratings. Our investment management team consists of seasoned professionals with decades of experience, bringing their wealth of expertise to each investment decision.
Investment Focus
The Fund strategically invests in specified sectors such as Telecoms, Social Infrastructure, Utilities, Real Estate, Transport, and Energy to capitalize on emerging trends and long-term growth.
Investment Strategy
Our Objective
The fund will invest in both brownfield and greenfield projects.
The fund aims to deliver above-hurdle rate investment returns to investors through investments in projects with highly predictable, resilient cash flows while expanding the Fund’s developmental impact.
The fund will invest in opportunities that contribute to job creation, climate change mitigation, and gender balance. The fund will strictly adhere to the IFC’s ESG Performance Standards in its investment process and evaluation.
Investment tenor can be up to 12 years.
The Fund will primarily make debt investments through senior debt, subordinated, and mezzanine financing. The Fund will also consider quasi-equity investments in certain cases, provided such investments strengthen the Fund’s leverage in the investee company.
Structure and Governance
The Fund operates under the regulatory framework of the Investment and Securities Act 2007 and adheres to the rules for Collective Investment Schemes and Infrastructure Funds outlined by the Securities and Exchange Commission. CIF has a robust governance structure which includes:
Contact Us
Have questions? We're here to help. Contact our team at: cif@coronationam.com