Experience-driven safari tourism becomes truly investable only if it is structured properly. Investors prioritise familiar structure and jurisdiction, capital protection, clear governance, predictable cash flow mechanics, simplicity, and regulatory compliance. Without these, even the most compelling safari asset remains inaccessible to serious capital.
What Investors Need
When we speak to investors — whether based in the US, Europe, or elsewhere — they consistently raise the same concerns: Where is my capital held? What governs the entity? How do I receive returns? What happens at exit? The answers to these questions determine whether an investment is fundable, regardless of how attractive the underlying asset may be.
The Delaware Model
We have adopted a Delaware-based holding company model for our US investors. An American entity owns the Tanzanian safari properties. This separation provides investors with a familiar legal framework — Delaware corporate law is well understood by US investors and their lawyers — while maintaining full compliance with Tanzanian regulations on the ground. The structure is clean, auditable, and portable.
Returns Structure
The returns structure follows a traditional private equity waterfall: initial capital recovery first, then an 8% preferred return to investors, followed by a 60/40 split of remaining profits favouring limited partners. This is a structure that institutional investors recognise and that aligns our interests with those of our partners — we only participate meaningfully after investors have been made whole and earned their preferred return.
Why Structure Matters More Than the Asset
The safari experience is extraordinary. The wildlife, the landscape, the silence — none of that needs to be sold to anyone who has spent a morning in the Serengeti. But experience alone does not make an asset investable. Transparent, repeatable frameworks that appeal to capital seeking hard assets and predictable cash flows are what transform a beautiful place into a fundable investment. That is the work we have done, and continue to refine, with every property we develop.