United Capital Unveils N10bn Fund For Infrastructure Projects

United Capital Plc, a prominent investment management and financial services group, has announced the launch of its Infrastructure Fund Series III Issuance, aiming to raise up to N10 billion under its N150 billion Shelf Programme.

This follows the successful reception of the first two issuances, which saw substantial subscriptions and positive feedback from investors.

The United Capital Infrastructure Fund (UCIF) is designed to address Nigeria’s significant infrastructure deficit by pooling resources from investors to finance high-impact projects across various sectors, including transportation, power, renewable energy, agriculture, healthcare, telecommunications, and more.

Managed by United Capital Asset Management Limited, a subsidiary of United Capital Plc, the fund offers investors the opportunity to invest in de-risked infrastructure assets capable of generating stable, long-term income. The Series III issuance targets an annual gross return of up to 23 percent, an increase from the previous issuances, which reported a year-to-date gross return of 21.93 percent as of May 2024.

Mr. Uchenna Mkparu, Chief Investment Officer and Fund Manager of United Capital Infrastructure Fund, emphasised the success of the firm’s previous issuances as a testament to the trust investors have in their rigorous investment appraisal, due diligence, and governance processes.

“We are confident that our Series III offering will continue to deliver substantial returns for our investors. Most importantly, we are eager to continue our commitment to making a tangible impact on Nigeria’s infrastructure landscape through investments in sustainable and climate-resilient infrastructure,” Mr.Mkparu stated.

The launch of the Series III Infrastructure Fund offers significant benefits to investors, one of which is higher returns. The fund targets an annual gross return of up to 23 percent, which is a notable increase from the 21.93 percent reported in previous issuances. This higher return potential makes it an attractive investment option for those seeking substantial income.

Also, the fund will lead to stable income. By investing in de-risked infrastructure assets, the fund ensures a stable and predictable long-term income stream for investors, reducing the risk associated with market volatility.

More so, the fund’s investment strategy spans multiple sectors, including transportation, power, renewable energy, agriculture, healthcare, and telecommunications. This diversification helps mitigate risks and enhances the potential for consistent returns.

Additionally, investors have the opportunity to contribute to the development of Nigeria’s infrastructure, supporting sustainable and climate-resilient projects that have a positive impact on the country’s economic growth and quality of life.

Furthermore, the successful track record of United Capital’s previous issuances, coupled with rigorous investment appraisal, due diligence, and governance processes, provides investors with confidence in the fund’s management and its ability to deliver promised returns.

Overall, United Capital’s Series III Infrastructure Fund presents a compelling investment opportunity, combining attractive returns, stability, and the chance to contribute to meaningful infrastructure development in Nigeria.