Nexcelia acquires, repositions, and operates boutique safari and conservation hospitality assets across Southern and East Africa. The Fund targets properties with high ADR potential in markets characterised by structural supply constraints, strong demand growth, and alignment with conservation outcomes. The thesis rests on three converging forces: yield compression in traditional asset classes driving capital toward alternatives, rising institutional ESG mandates that safari real estate inherently satisfies, and a white space: no dedicated LP-facing vehicle exists for this asset class.
The Fund's current portfolio and pipeline span Zimbabwe, Namibia, and Zambia. These markets were selected for a combination of tourism growth trajectories, favourable investment climates, currency dynamics, and conservation infrastructure. Additional Southern and East African markets may be considered where they meet the Fund's underwriting criteria.
The Fund employs a PropCo/OpCo architecture. PropCo acquires and holds the underlying real estate; LP capital deploys here. OpCo manages hospitality operations, digital distribution through Safari.wiki, and loyalty programming. This separation protects asset value, aligns management incentives with LP returns, and mirrors established institutional models such as Kasada Capital Management. Full structural terms are detailed in the PPM.
Safari.wiki is Nexcelia's proprietary booking and loyalty platform. It recaptures the 15–30% of revenue typically lost to OTA commissions and gives the Fund direct ownership of the customer relationship. No comparable safari fund offers owned distribution at the fund level. The economic impact of shifting bookings from intermediary to direct channels is detailed in the PPM's financial projections.
Target returns are disclosed exclusively through the Confidential PPM to qualified investors. Publicly, the Fund's financial profile is anchored by premium lodge economics: ADR levels of USD 1,000–1,500+ per night, breakeven occupancy of 40–50%, and EBITDA margins of 27–28% at stabilisation. These unit economics are drawn from third-party hospitality research, not proprietary projections.
Every acquisition is structured through community joint venture agreements modelled on Namibia's CBNRM programme. Host communities receive revenue-share payments, employment priority, and where possible, direct equity stakes. Conservation commitments such as habitat protection, anti-poaching funding, and wildlife monitoring are structurally embedded in each deal, not treated as ancillary CSR. Impact metrics are reported alongside financial performance and are independently verifiable.
The Fund is available to accredited investors, qualified purchasers, and institutional investors as defined by applicable securities laws. Nexcelia works by introduction and does not conduct general solicitation. Eligibility is confirmed during the enquiry and onboarding process. The Fund relies on exemptions including Rule 506(c) of Regulation D and equivalent provisions in other jurisdictions.
Minimum commitment levels are disclosed in the Confidential PPM. The Fund is structured for institutional-scale allocations and is not designed for retail participation.
The Fund is in its formation phase, with three pipeline projects under agreement, memorandum, or in development stage across Zimbabwe, Namibia, and Zambia. It is engaging selectively with aligned institutional partners. Pipeline detail is provided on the Mandate & Pipeline page and expanded in the PPM.
Submit an enquiry through the Enquire page. Our team reviews all submissions individually. Where there is alignment between your investment mandate and our approach, we will arrange an introductory conversation and, subject to eligibility, provide access to the Confidential PPM.