Sovereign Asset Layer

State-linked and sovereign partnership asset management platform

2 jurisdictions at elevated risk
Sovereign AUM
$1.84B
Active Projects
11/18
Portfolio Yield
9.4%
Blended IRR
12.7%
Sovereign Guaranteed
$920.0M
YTD Revenue
$148.6M
YTD Distributed
$92.4M
Jurisdiction Exposure
UAE1 project
Risk: 22$420.0M22.8%
Nigeria1 project
Risk: 58$380.0M20.6%
Saudi Arabia1 project
Risk: 28$310.0M16.8%
Ghana1 project
Risk: 44$220.0M11.9%
South Africa1 project
Risk: 52$185.0M10.0%
Kenya1 project
Risk: 38$145.0M7.9%
Uganda1 project
Risk: 68$95.0M5.2%
Tanzania1 project
Risk: 72$88.0M4.8%
stable
watch
elevated
restricted
Regional Breakdown
West Africa2 projects2 active
$600.0M32.6%
NigeriaGhana
East Africa3 projects1 active
$328.0M17.8%
KenyaUgandaTanzania
Middle East2 projects2 active
$730.0M39.6%
Saudi ArabiaUAE
Southern Africa1 project1 active
$185.0M10.0%
South Africa
Sovereign Revenue Summary
YTD Revenue
$148.6M
Across all jurisdictions
YTD Distributed
$92.4M
62.2% payout ratio
Retained
$56.2M
37.8% retention rate
Sovereign Guarantee Coverage
49.9%
$920.0M guaranteed
4 stable jurisdictions
2 on watch
2 elevated risk
9 active jurisdictions · 2 high risk