The invitation
Two ways to stand with us now.
1 · Pre-seed · now
Founding Supporters
$25,000
Total, with contributions from $1,000. Funds the October 16–26 trip: ministry and commune meetings, the rice hub and spoke sites, incentives confirmed in writing, partner and buyer meetings.
- Credited dollar for dollar toward a seed position, or repaid from the firm's first fee income
- A private field report and briefing after the trip
- First right to join the seed
2 · Seed · after the trip
The Founding Circle
Up to $975,000
In two steps, from two or three founding partners.
- Seed A · Nov 2026 · $300K: takes us to first capital: the firm formed, the rice platform's first raise closed
- Seed B · at first capital · up to $675K: team in Abidjan, investor site trip, the raise to Fund I first close
- Seed A partners get first right to Seed B and more units per dollar
| Level | Commitment | Added benefits |
|---|---|---|
| Founding Partner | $50K – $249K | Founding Partner recognition; investor site visit; quarterly field and impact updates |
| Founding Circle | $250K – $499K | A larger founding allocation; first right to invest in Fund I and Fund II |
| Anchor Seed | $500K and above | The largest founding allocation and a seat on the Strategic Advisory Board |
Seed partner economics
Choose how you stand with us.
Every seed partner owns units in Covenant Africa Founders LLC, which shares in the carried interest of every fund the platform raises. Founders LLC carries a $10M headline value ($1,000 per unit, 10,000 units); Seed A partners come in at 40–60% of that.
Protected
All of your capital back first
100% repaid from the firm's fees · $600 per unit · return capped at 4×, with 25% kept above the cap.
For: protecting principal with a solid return.
Balanced
Half back first, real upside
50% repaid from the firm's fees · $500 per unit · return capped at 10×, with 25% kept above the cap.
For: limiting risk while sharing in growth.
Founder
Fully invested, no cap
No repayment · $400 per unit, the most units per dollar · no cap on what your units earn.
For: builders who want the full upside of every fund.
| What $100,000 in Seed A could return, if… | Protected | Balanced | Founder |
|---|---|---|---|
| Fund I never closes | Up to $100K back* | Up to $50K back* | $0 |
| Fund I alone ($100M) | ~$375K · 3.7× | ~$380K · 3.8× | ~$410K · 4.1× |
| The platform grows to $500M | ~$665K · 6.7× | ~$1.17M · 11.7× | ~$2.05M · 20× |
Illustration, not a projection. Assumes Fund I returns about 1.8× net to its investors, 20% carried interest over an 8% preferred return with full catch-up, and every fund shown closes. *Repayment comes from the firm's fee income; if none arrives, it is at risk. Seed B (called once first capital is in) is priced at twice Seed A, with caps of 3×, 6× and none.
How a unit earns
- Projects clear a high bar: about a 22% US-dollar return target per project, in line with the 20–28% the Government's own investment cases price.
- Investors are paid first: capital back plus an 8% preferred return before any carried interest.
- Carry flows to Founders LLC: 80% of the firm's 20% carried interest, after 10% to the Foundation and 10% to the team.
Founders LLC after the seed (units of 10,000)
| Founder (Holdings) | 4,500 |
| Managing Director, West Africa | 1,500 |
| Chairman, Advisory Council | 1,000 |
| Chief Investment Officer (reserved) | 1,000 |
| Seed partners | ~1,275 |
| Reserve for future partners | ~725 |
$50,000 in Seed A buys 83 to 125 units (0.8–1.25%), depending on the track. Units above a cap return to the reserve.
Next steps
The road ahead.
- October 2026Côte d'Ivoire and Ghana: ministry and commune meetings, rice hub and spoke sites, incentives confirmed in writing. Funded by the pre-seed.
- November 2026Seed A closes ($300K). The firm is formed, counsel engaged, team agreements signed, rice platform models built.
- Spring 2027First capital: the rice platform's first investor close (target). Seed B is called.
- 2027Team in Abidjan full-time, investor site visit, Fund I raise.
- Late 2027Fund I first close (target). Fee income begins and founding partners' repayment starts.
Dates are targets and may move. Each step is gated on the one before it.