FBNQuest Funds Limited, the alternative investments subsidiary of FBN Holdings Plc, has described private equity as a viable alternative asset class for investors in addition to the use of traditional investment assets.
A statement from the firm on Monday entitled ‘FBNQuest spotlights private equity as a viable alternative asset class’ also projected moderate economic recovery for Nigeria in 2021.
According to the statement, a virtual interactive event was organised by FBNQuest on alternative investments/private equity business, the financial markets, and the broader economy.
“Overall, analysts projected a moderate economic recovery in 2021 for Nigeria as influenced by the COVID-19 pandemic, but also pointed to the undervaluation of several banking and telecom companies as attractive investment opportunities for stock market investors,” the FBNQuest research team said.
The Managing Director, FBNQuest Funds Limited, Ijeoma Agboti, said the firm had focused on developing a broad platform that would provide diversification and return-enhancing products for clients through various alternative asset classes.
She said, “Since we were established in 2003, FBNQuest Funds Limited has deployed in excess of N20bn in over 70 companies and assets across various portfolios, and we have continued to partner with our portfolio companies to deliver growth, capital and provide value-creation support.
“We believe in working closely with our clients to deliver solutions that fall within their specific risk tolerance boundaries and meet their overall portfolio objectives.”
The Head, Equity Research at FBNQuest, Tunde Abidoye, said, “Information drives an investor’s ability to read and monitor the market.
“We think our research capability sets us apart in the Nigerian market and underpins our value approach to investing in private and public companies. We are delighted to share our views and add value to the socio-economic discourse.”
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