United Capital Infrastructure Fund Achieves 24.62% Gross Return in 2025
The United Capital Infrastructure Fund (UCIF), a SEC-licensed infrastructure debt fund operated by United Capital Plc, has reported a robust financial performance for the year ended December 31, 2025. The fund delivered a gross return of 24.62%, consistently outperforming comparable market instruments and distributing over N6.19 billion to investors since its inception.
Strong Financial Growth and Income Distribution
In the full year of 2025, UCIF recorded total income of ₦3.06 billion, marking a significant 54.5% year-on-year increase. This growth was driven by the strong performance of its diversified infrastructure loan portfolio, highlighting the fund's effective management and strategic investments. The fund has now distributed a total of ₦6.19 billion to qualified unitholders, reinforcing its commitment to providing regular and sustainable income to investors.
Enhanced Governance and Expert Additions
To strengthen its governance framework, UCIF onboarded four seasoned professionals to its Investment Committee during the 2025 financial year. These experts bring extensive experience in infrastructure finance, transaction advisory services, impact investing, and corporate governance, ensuring robust oversight and strategic decision-making for the fund's operations.
Sustainability and Zero Non-Performing Loans
UCIF continues to prioritize sustainable infrastructure projects that align with environmental and social goals, such as reducing carbon emissions, expanding access to reliable energy, and promoting circular economy practices. Notably, the fund maintains a zero non-performing loan portfolio, underscoring its disciplined investment approach and risk management strategies.
Leadership Insights on Performance and Strategy
Uchenna Mkparu, Chief Investment Officer and Fund Manager at UCIF, commented on the results, stating, "UCIF's strong FY 2025 results reflect our disciplined investment approach, rigorous due diligence processes, and commitment to financing infrastructure assets with predictable and sustainable cash flows." He emphasized the fund's focus on building a resilient, diversified portfolio that supports Nigeria's infrastructure development while delivering competitive returns.
Peter Ashade, Group Chief Executive Officer of United Capital Plc, applauded the performance, noting, "UCIF's consistent performance reflects the growing role of innovative capital market solutions in closing Africa's infrastructure financing gap." He highlighted the fund's role in mobilizing long-term, naira-denominated capital for key projects that drive economic growth and create value for investors and communities across Nigeria and Africa.
Positioning for Future Growth
As Nigeria intensifies efforts to bridge its infrastructure gap and foster inclusive growth, UCIF is well-positioned to mobilize long-term capital for high-impact projects. The fund aims to continue delivering attractive risk-adjusted returns to investors while contributing to the nation's economic development objectives.
