At a glance
- The vehicle sits inside a UK-backed initiative to channel more institutional capital into energy, transport and digital infrastructure.
- If the $600 million domestic target is met, pension money would supply 80% of the $750 million vehicle.
- Where the remaining $150 million would come from is the detail allocators outside Nigeria would need in order to judge the LP base and who sets terms alongside the pension funds.
Nigeria's pension industry is developing a $750 million infrastructure investment fund that aims to raise $600 million from domestic pension funds, AltAssets reported on Nov. 9.
The vehicle sits inside a UK-backed initiative to channel more institutional capital into energy, transport and digital infrastructure. That places a single investor class behind most of the prospective capital: the domestic pension commitment is the fund's stated anchor, not a slice of a broadly syndicated raise.
If the $600 million domestic target is met, pension money would supply 80% of the $750 million vehicle. Where the remaining $150 million would come from is the detail allocators outside Nigeria would need in order to judge the LP base and who sets terms alongside the pension funds.
Reported by the Fundraising desk from AltAssets. Published . Corrections