The Nigerian Exchange Limited said Africa Plus Partners and Capitaltrust Investments & Asset Management Limited have listed Africa Infra Plus Fund valued at N20.5bn on the local bourse.
In a statement made available to The PUNCH on Tuesday, the Exchange said the carbon mitigation fund is a closed-end infrastructure fund.
A closed-end fund takes equity positions in the underlying assets with a predetermined subscription period, usually 12-18 months, and offers no redemption option.
The statement said, “Co-managed by Africa Plus Partners Plc, and Capitaltrust Investments & Asset Management Limited, AIPF 1 is Nigeria’s first Carbon+ (ESG-focused) naira-denominated infrastructure fund to be listed on the Exchange.
“AIPF 1’s structure is a pool of equity and quasi-equity investments in Carbon+ infrastructure projects that promote sustainable development including but not limited to roads, power, water supply, wastewater management, ports, and airports.
“The Fund also acquires the shares and other investment instruments issued by socially responsible entities carrying on infrastructure business or executing infrastructure projects exclusively.”
The Chief Executive Officer, NGX, Mr Temi Popoola, was said, “Today’s listing marks a significant milestone in our commitment to promoting sustainable investing and reducing the drivers and impact of climate change.
Source: The Punch
