Revenue Share & Royalty
Non dilutive structures returning a fixed share of operator revenue or royalty stream until a defined cap or multiple is reached.
Revenue Share and Royalty structures provide capital in exchange for an agreed percentage of operator revenue, paid until a defined return cap or multiple is reached.
They suit operators with strong, predictable top line but limited appetite for equity dilution, and allocators seeking cash yield correlated to operating performance.
- 01SPV holds a contractual revenue share or royalty agreement directly with the operating company.
- 02Distributions are paid from agreed revenue lines on a defined schedule; reporting includes revenue reconciliations.
- 03Cap mechanics define maximum return, beyond which the agreement terminates.
- Allocators seeking non correlated cash yield
- Family offices supporting growth stage operators
- Impact and venture allocators favouring non dilutive instruments
- Revenue volatility directly impacts distributions
- No equity upside beyond the agreed cap
- Operator reporting reliability is critical to enforcement
- Monthly or quarterly revenue reconciliation
- Distribution notices tied to revenue events
- Annual audited operator and SPV financials
Convertible Notes
Hybrid instruments pairing current coupon with optional equity conversion at pre agreed operator milestones.
Secured Private Notes
Debt instruments with an agreed coupon and maturity, supported by a security package set out in the transaction documents.
Diaspora & HNI Syndicates
Curated syndicate participations for diaspora investors and high net worth individuals into vetted African opportunities, with aggregated governance.