Project Name:
- Chapel Hill Denham Nigeria Infrastructure Debt Fund
Project Sector:
- Financial Services
Project Sponsors:
- Chapel Hill Denham
Commencement Date / Closure Date / Completion Date
- 13 Dec 2017 (Investment Date)
Project Location (Region or State):
- Lagos
Project Description:
- The Chapel Hill Denham Nigeria Infrastructure Debt Fund (“NIDF”) seeks to support infrastructure development across Nigeria by providing long-term senior and subordinated debt financing in local currency to commercially viable projects, sponsored by private and public-sector proponents, including pension funds.
Benefits / Impact (Social, Economic & Others):
- Supports Nigeria’s infrastructure sector by providing long-term, naira-denominated debt funding to infrastructure projects. Investments have been made in over 20 infrastructure projects across 10 sub-sectors
- Catalyst for institutional investment by providing pension funds and other long-term investors with a well-structured investment framework. NIDF have received the support of 22 pension funds (PFAs) out of the 26 eligible PFAs in Nigeria
Project Cost / Size:
- N77.57 billion
Funding structure:
- Equity
NSIA’s interest:
- $5million (Naira equivalent of N1,528,499,947.20)
Partners:
- Chapel Hill Denham, AfDB, 22 Pension Fund Administrators