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United Capital Infrastructure Fund

UNITED CAPITAL PLC LAUNCHES SERIES III ISSUANCE OF ITS INFRASTRUCTURE FUND

Targets Annual Gross Return of up to 23%

United Capital Plc, a leading investment management and financial services group, has announced the launch of its Infrastructure Fund Series III Issuance of up to ₦10 billion, under the ₦150 billion Shelf Programme. This follows the successes of the first two issuances, which garnered substantial subscriptions and positive feedback from investors.

 

The United Capital Infrastructure Fund (UCIF) was conceptualized to address the critical infrastructure deficit in Nigeria. By pooling resources from investors, the fund aims to invest in high-impact projects across various sectors including transportation, power, renewable energy, agriculture, healthcare, telecommunications and more. Through these investments, UCIF seeks to finance bankable infrastructure and infrastructure-related opportunities, companies, and Special Purpose Vehicles (SPVs) across various sectors. Through the Fund, investors are able to invest in commercially viable and sustainable development projects, thereby contributing significantly to infrastructure development of Nigeria.

 

The Fund, which is managed by United Capital Asset Management Limited, a subsidiary of United Capital Plc, provides investment opportunities in de-risked infrastructure assets that can generate stable long-term income for its investors. The Fund targets an Annual Gross Return for the Series III issuance of up to 23%, an increase from the previous issuances which reported a YTD Gross Return of 21.93%, as of May 2024.

 

Speaking on the value of the fund, Uchenna Mkparu, Chief Investment Officer and Fund Manager, United Capital Infrastructure Fund, said

 

“We are delighted to launch Series III of our Infrastructure Fund. The success of our previous issuances demonstrates the trust our investors have in our 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 in our commitment to making a tangible impact on Nigeria’s infrastructure landscape, through investments in sustainable and climate-resilient infrastructure”

 

The United Capital Infrastructure Fund adopts a robust investment process, which includes an independent review by the Africa Finance Corporation (AFC), and rigorous risk management processes to ensure that risk is minimized for investors, in or to meet the expected returns.


The Series III issuance will close on July 10, 2024.

JOSEPH ONYEMA

Head, Group Enterprise Performance Management
Joseph Onyema
Joseph is the Head, Group Enterprise Performance Management at United Capital Plc.
Over the last 16 years, Joseph has worked with and led teams whose responsibilities cut across a major spectrum of technology transformational and retail growth projects and consultancy. Joining the group in 2017, Joseph started out leading the technology team for 5+ years in the position of the Group, Chief Information Officer, a role in which his focus on execution to reposition the business was exemplary, hence leading to increased digital presence, retail growth and improved revenues, with keen focus on our growth during the COVID-19 pandemic where the business was run totally virtual and saw outstanding growth in customers, revenue and profitability.​
Leveraging on his education, performance, experience and spirit of execution, Joseph transitioned to the Group Head, Enterprise Performance Management, where he brings his analytical and technological prowess coupled with his background in managing teams and businesses to bare in monitoring and tracking business units and employees performances, while helping them to improve in their performance and ensuring the group continues to win in all its endeavours.
Before joining United Capital, Joseph headed the Group Technology Operations at Cordros Capital Limited where he transitioned the business from a High Net-worth Individual (HNI) focused business to retail-focused business with total leverage on technology to drive B2C sales across verticals while exploring new markets and partnerships. Prior to Cordros Capital, he had led the Enterprise & Cloud Services team at Soft Solutions Limited, an IT Consultancy firm with a footprint across 15 Nigerian banks on enterprise security, cloud projects, and consultancy where he developed, deployed, and led support teams to manage several financial and FMCG application suites.
A Tony Elumelu entrepreneur from 2016 before joining the group, and a member of the prestigious Beta Gamma Sigma international business honor society, continues to reinvent himself and deliver exceptionally to the United Capital family.