The operating system for African capital.
One product — the National Energy Deal Room — runs the full lifecycle, while NEFUND channels foreign and local institutional capital into Nigeria's energy transition. One record, two cameras: GPs raise, LPs invest.
- Source → Structure → Outreach → Diligence → Close → Administer
- Six vehicle wrappers in one wizard, with template defaults
- Native USD and Naira display toggle
- Live LP portfolio with an on-demand AI performance read
What the Fund aims to do
NEFUND provides patient, long-term capital across the energy value chain — de-risking projects, crowding in institutional investors, and reducing the foreign-exchange exposure that has constrained Nigerian energy financing.
Climate-aligned funding
Provide long-term funding to climate-aligned projects.
Energy generation
Support small- and large-scale energy generation.
Low-carbon infrastructure
Support low-carbon energy infrastructure.
Alternative clean energy
Support alternative clean-energy infrastructure.
Reduce FX exposure
Reduce foreign-exchange exposure by providing long-term financing.
Diversified portfolio
Build a diversified portfolio of investments across multiple value chains.
Measurable socio-economic & environmental benefit
NEFUND is structured to deliver development impact alongside financial return, advancing national priorities in energy access, climate, industry and innovation.
Energy access expansion
Promoting rural electrification through cost-effective renewable solutions.
Climate alignment
Supporting projects that reduce carbon emissions and enhance energy efficiency.
Industrial growth
Financing brownfield and bankable projects that strengthen Nigeria's energy infrastructure.
Innovation & R&D
Funding research in nuclear energy, energy audits, and new technologies.
Oil & Gas sector support
Enabling indigenous operators to develop upstream and midstream projects sustainably.
Built for institutional capital
NEFUND seeks participation from a diverse pool of institutional investors aligned with climate and infrastructure financing.
Climate-focused funds
Green investment vehicles with a climate mandate.
Development Finance Institutions
DFIs anchoring catalytic, concessional capital.
Venture Capital & Private Equity
Firms investing across the energy value chain.
Insurance companies
Long-duration capital seeking infrastructure exposure.
Local pension funds
Domestic pension capital co-investing at home.
Global institutional investors
Investors aligned with climate and infrastructure financing.
An indicative Fund-of-Funds structure
NEFUND pools capital from institutional investors and channels it into specialised sub-funds, each aligned with the National Energy Masterplan.
General Partner (GP)
Oversees fund management and sets strategic direction.
Limited Partners (LP)
Institutional investors committing capital alongside the GP.
Specialised sub-funds
Capital channelled into sub-funds aligned with the National Energy Masterplan (NEMP).
Fund size goal
Target capitalisation of US$100 billion, blended from foreign and local institutional capital.
Structured by global fund managers
J.P. Morgan and First Capital (FirstCap) serve as the lead fund managers, providing structuring, global expertise in governance, and investment oversight.
Six specialised sub-funds
Capital is deployed through specialised sub-funds, each targeting a distinct part of the energy transition. The Fund pursues a credit-guarantee partnership to crowd in additional institutional co-investment.
Project Preparatory Fund
Early-stage preparation to bring projects to bankability.
Nuclear Energy Fund
Financing for nuclear generation capacity and research.
Energy Efficiency Fund
Demand-side efficiency and energy-audit programmes.
Rural Electrification Fund
Off-grid and mini-grid access for underserved communities.
Innovation Fund
New technologies advancing the energy transition.
Special Fund for Oil & Gas
Sustainable upstream and midstream development by indigenous operators.
Nigeria and Sub-Saharan Africa.
Credit-enhanced and guaranteed instruments via a credit-guarantee institution.
National Council
A high-level oversight and supervisory body responsible for shaping national policy and providing strategic direction to NEFUND and all of its programmes.
Fund Investment Committee
Senior, experienced investment professionals — including independent members with wide-ranging experience in energy investments, risk and fund management. The Committee's members collectively hold more than 100 years of investing and financing experience.
Advisers & professional parties
The Fund is supported by a full complement of independent professional advisers, appointed in line with SEC Nigeria requirements.
One product. Two cameras.
Deal Room is the whole product. GPs raise and run the full lifecycle; LPs see a live portfolio of their commitments on top of the same record — one camera for raising, one for investing.
Deal Room
Source → Structure → Outreach → Diligence → Close → Administer. One record, two lenses.
GP & LP
Two lenses on one record. GPs raise and run the full lifecycle; LPs see a live portfolio of their commitments — same data, opposite camera.
Six wrappers, one wizard, inside Deal Room
SPV, Sub-Fund, Rolling, Venture, Co-Invest, Roll-Up. They used to be six product pages with overlapping marketing. They are now one dropdown in Step 2 of the new-deal wizard, with template defaults that pre-fill terms.
SPV
Single asset, single close. Flat ownership percentage. Defaults: 0% mgmt · 20% carry · min $25K.
Sub-Fund
Multi-asset, multiple closes. Commitment + called + unfunded + NAV across the basket. Defaults: 2/20 · min $50K.
Rolling Fund
Quarterly closes. Positions stacked by vintage. Each vintage carries its own NAV. Defaults: 2/20 · min $10K.
Venture Fund
10-year LP. Classic commitment + capital calls + distributions + NAV. Defaults: 2/20 · min $250K · 1–3 closes.
Co-Invest
Piggyback alongside a parent deal. Direct allocation, no fund-level fees. Defaults: 0% mgmt · 0% carry · min $50K.
Roll-Up
Consolidate prior positions into a single new vehicle at agreed conversion ratios. Defaults: 1% mgmt · 10% carry.
Investment Management, folded into Deal Room
No separate IR product. The Portfolio page is the same Deal Room record with the camera flipped — every commitment you make as an LP shows up as a position with KPIs, multiples and an on-demand AI summary.
Live KPIs
Positions count, committed, called, distributed, NAV, TVPI, DPI. Per-position MOIC with status badges.
AI summary
Reads exposure, pacing, dispersion, vintage benchmarks. Writes an analyst-style note with a recommendation in seconds.
Soft → Hard → Signed
Every commitment carries a status. GPs see the live roster on the Outreach tab; LPs see the same position in their portfolio.
Real documents
File uploads per stage — deal letter, PPM, sub-doc, capital call notice, quarterly LP update. Aggregated in Reports.
USD / ₦ Naira toggle
Segmented switch in the workspace header flips every dollar figure to Naira on the fly. Storage stays USD-canonical.
Deal from any company
Every company row in the marketplace has a + Deal button. Opens the wizard pre-filled.
Data-driven insights for smarter decisions
Apex AI Beta
AI-powered financial intelligence that surfaces actionable insights from your portfolio data, market trends and investment patterns.
Edu Center
A resource hub for fund managers, investors and stakeholders. Guides, playbooks and best practices for the energy investment ecosystem.