Defined mandates. Separate vehicles. Professional investment governance.

NCDF Group is developing a family of separately constituted investment vehicles managed or supported by NCDF Investment Management Plc within its approved regulatory capacity.
Each fund will have distinct investors, assets, risk factors, documents, accounts and governance arrangements.

NCDF Infrastructure Investment Fund

A proposed long-term investment vehicle focused on eligible Nigerian infrastructure and real-economy assets.

  • Energy and renewable infrastructure;
  • Housing-enabling infrastructure;
  • Healthcare infrastructure;
  • Agro-industrial and export infrastructure;
  • Logistics, warehousing and cold-chain assets;
  • Digital and trade infrastructure; and
  • Eligible public-private partnership assets.
  • Institutional investors;
  • Pension-compatible investors where eligible;
  • Insurance companies;
  • Banks;
  • DFIs;
  • Sovereign and public-sector institutions;
  • Infrastructure investors;
  • Family offices; and
  • Qualified investors.

Institutional requirement

Every asset must satisfy eligibility, commercial viability, legal due diligence, technical due diligence, valuation, governance, risk-allocation and approval requirements before investment.

NCDF Agric-SME Investment Fund

A proposed Nigeria-anchored, West Africa-expandable investment vehicle for eligible agricultural SMEs and agricultural value-chain businesses.

  • Private credit;
  • Structured debt;
  • Revenue-linked finance;
  • Quasi-equity;
  • Selective equity; and
  • Approved blended-finance structures.
  • Agricultural production;
  • Processing and value addition;
  • Storage and cold chain;
  • Logistics and distribution;
  • Input supply;
  • Cooperative aggregation;
  • Digital trade and traceability; and
  • Export-readiness infrastructure.
  • DFIs;
  • Catalytic investors;
  • Development partners;
  • Impact investors;
  • Family offices;
  • Banks;
  • Corporates; and
  • Qualified institutional investors.

Institutional requirement

The Fund must operate as an independent investor-funded vehicle and not as a captive financing pool for NCDF-related companies. Any NCDF-connected service or transaction must be disclosed and conducted on transparent, arm’s-length terms.

Nigerian Diaspora Impact Fund

A proposed controlled investment route connecting qualified diaspora and internationally based investors with approved Nigeria-focused opportunities.

Structural Principle

Diaspora describes the investor-origination channel; it does not eliminate the need for a properly constituted fund, feeder, parallel vehicle or other approved investment structure.

  • Infrastructure and clean energy;
  • Agriculture and food systems;
  • Healthcare and education;
  • Manufacturing and value addition;
  • Technology and digital solutions; and
  • Approved NCDF fund or co-investment opportunities.
  • Qualified diaspora investors;
  • Diaspora family offices;
  • International impact investors;
  • Foundations;
  • Strategic investors; and
  • Professional investors.

Distribition Control

International communications must comply with the laws and financial-promotion requirements of the investor’s jurisdiction. There will be no unrestricted social-media subscription campaign or open retail solicitation.

Fund governance standards

Every NCDF fund should be supported by an appropriate combination of:

  • Fund-management agreement;
  • Investment Committee;
  • Fund Advisory Committee where appropriate;
  • Trustee;
  • Custodian;
  • Fund administrator;
  • Registrar;
  • External auditor;
  • Legal and tax advisers;
  • Valuation policy;
  • Conflicts policy;
  • Expense policy;
  • ESG and impact framework;
  • Capital-call controls; and
  • Periodic investor reporting.

Where one NCDF fund invests into another NCDF-managed vehicle, fees, conflicts and related-party exposures must be fully disclosed and independently controlled.