Chapel Hill Denham Nigeria Infrastructure Debt Fund reported a profit after tax of N20.4 billion for the year ended 31 December 2023.
The fund achieved a Net Asset Value (NAV) of N107.54 flat from the prior year suggesting it struggled to find growth amidst inflationary challenges.
In terms of the funds return on equity, Naijaonpoint estimates it at about 20%. Fund managers earned a fee of N1.3 billion or 6.5% of profits.
Commentary: Key drivers behind this performance include a stronger focus on high-yield infrastructure loans and disciplined cost management.
The Chapel Hill Denham Nigeria Infrastructure Debt Fund is designed to channel debt financing into infrastructural development within Nigeria.