Clear deployment. Clear accountability.
We engage with private investors, family offices, developers and strategic partners seeking direct exposure to carefully selected coastal real estate.
01 / What we are looking for
Capital that stays for the cycle.
Peponi seeks project-level development equity for individual coastal schemes, deployed into a dedicated vehicle for a single named project rather than into a blind pool or a multi-asset fund.
Suitable partners are typically private investors, family offices, development companies and strategic operators who are comfortable with illiquid, staged development risk, who take independent advice, and who expect governance and reporting rather than marketing.
We do not raise from the public, do not promote to retail investors, and do not accept capital from any party we cannot verify under applicable anti-money-laundering and source-of-funds requirements.
02 / Indicative parameters
Stated up front.
Indicative only, and specific to each project. Definitive terms appear solely in the transaction documents.
- Capital type
- Project-level development equity
- Vehicle
- Single-project SPV, jurisdiction to confirm
- Indicative investment range
- Range to confirm
- Sponsor contribution
- Committed sponsor stake — quantum to confirm
- Expected investment period
- Project-specific — indicative term to confirm
- Drawdown
- Staged against defined project milestones
- Reporting
- Quarterly written report; annual accounts
- Exit
- Plot and unit sales; refinancing or third-party sale considered
- Minimum standard
- Independent legal, tax and financial advice taken by the investor
03 / Structures considered
One structure does not fit every site.
The structure is chosen to fit the project's risk profile and the partner's objectives, then fixed in definitive documentation before drawdown.
Joint venture equity
Shared ownership of the project vehicle with agreed profit split, reserved matters and a defined decision-rights matrix.
Preferred equity
A priority return ahead of sponsor participation, ranking above sponsor equity in the distribution waterfall.
Secured development loan
Fixed-return debt secured against project assets, with agreed covenants and drawdown conditions.
Forward purchase
Committed acquisition of identified plots or units on completion, at a price agreed in advance.
Land contribution
A landowner contributes the site into the vehicle in exchange for equity or a share of proceeds.
Strategic partnership
Capital combined with operational contribution — delivery capability, sales reach or hospitality operation.
04 / Security and investor protections
Protections that are documented.
Which of these apply, and on what terms, is project-specific and set out in the transaction documents. None of them removes the risk of loss.
- 01Capital held in the project vehicle and applied to a defined use of funds
- 02Security over project assets or shares, where the structure supports it
- 03Staged drawdown released only against evidenced milestones
- 04Reserved matters requiring investor consent
- 05Independent signatory or dual-authorisation controls on project accounts
- 06Sponsor capital committed alongside investor capital
- 07Defined distribution waterfall and priority of proceeds
- 08Information and inspection rights throughout the term
- 09Agreed dispute resolution and governing law
05 / Governance and reporting
No surprises.
- Decision rights
- Documented matrix; reserved matters listed
- Project reporting
- Quarterly written report
- Report contents
- Progress, spend against budget, programme, sales, risks
- Financial statements
- Annual, audit position to confirm
- Cost control
- Approved budget; variations require documented approval
- Bank controls
- Dual authorisation on project accounts
- Site access
- Investor inspection by arrangement at any time
- Material events
- Notified promptly, not deferred to the next report
06 / Exit strategy
A route out, agreed at entry.
The primary route is the staged sale of serviced plots or completed units under a defined sales strategy, with proceeds applied through the agreed waterfall as they are realised rather than held to a single terminal event.
Where a project supports it, refinancing or a sale of the whole project vehicle to a third party may be considered as an alternative or partial route. Any secondary transfer of an interest is subject to the terms of the shareholders' or partnership agreement.
An interest in a project vehicle is illiquid. There is no established secondary market, an investor may be unable to exit before the project completes, and the timing and amount of any distribution are not guaranteed.
07 / Due-diligence process
Both directions.
You verify us, and we verify you. Neither party commits before both are satisfied.
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01
Introduction
An initial conversation on objectives, capacity, jurisdiction and timing. Project overview shared.
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02
Mutual verification
Confidentiality agreement executed. Identity, source-of-funds and corporate standing checks completed on both sides.
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03
Data room access
Title, survey, planning, environmental, cost plan, comparable evidence, budget, programme and risk register released.
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04
Independent review
Your own counsel, surveyor and financial adviser examine the material. We answer to them directly, and expect to.
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05
Site visit
Attendance on site with the professional team, by arrangement.
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06
Terms and documentation
Heads of terms agreed, then definitive documentation negotiated and executed.
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07
Completion and drawdown
Conditions precedent satisfied; capital drawn in stages against evidenced milestones.
08 / Risk
What we will not tell you.
We do not publish projected returns on this website, and we do not describe any project as high-yield, guaranteed or secure. Where a return is modelled in project documentation, it is issued with its full assumption set, the calculations behind it, a sensitivity analysis and a risk register — never as a headline figure.
Development investment can result in the total loss of capital. Material risks include title defect, refusal or delay of planning and environmental approval, cost inflation, contractor default, infrastructure shortfall, weaker sales absorption or pricing than underwritten, currency movement, changes in Kenyan land, tax or foreign ownership law, and illiquidity of the investment.
Nothing on this website is an offer, a solicitation, or investment, legal or tax advice. Take independent professional advice before committing capital.
Exceptional projects start with aligned partners.
Tell us your objectives, capacity and timing, and we will tell you plainly whether there is a fit.
Start a confidential discussion