A diaspora investor can buy the S&P 500 in a minute. A Nigerian private deal has to pay them for giving that up, and for country risk, illiquidity and execution risk on top. The required net USD return is built up term by term:

The inputs are the US 10-year Treasury (4.71%), Damodaran's mature-market equity premium (4.23%) and Nigeria country-risk premium (8.41%), an asset beta of 0.80, a 75% country-exposure share, and 2.5% illiquidity plus 1.5% execution premia. The answer, 18.4%, rounds to an 18% underwriting target, about 15.3% after US inflation.

Sensitivity. Required return by country exposure (rows) and illiquidity premium (columns):

What the asset has to earn. After a 34% tax reserve, a 1.5% management fee, 10% performance share and 2% exit costs, an 18% net return needs a gross unlevered IRR of about 32 to 33%. First-year pre-tax free cash flow must be about 30% of the purchase price. An asset that earns 18% before fees does not clear an 18% hurdle.

Method: A. Saliu-Ahmed, "Deriving a Required USD Hurdle Rate for Nigerian Private Assets", August 2026. The app recomputes his tables live and matches them to two decimals. Underwriting uses his conservative 1.5% + 10% fee assumption; Aminco's published fees are lower (1% transaction, 0.9% a year).

The lesson from Homestrings, which closed 35 deals across 13 countries before pivoting: the web interface was never the scarce part. Finding and packaging investable deals to institutional standard was. Aminco is built around origination, with the app as the access and reporting layer.

• Feeder vehicles pool many investors into one commitment to an established African fund.
• Co-investment alongside a fund or development-finance institution in a specific deal.
• Single-asset SPVs own a defined share of an operating, dollar-linked asset with its own reporting and exit.
• Contract-backed asset finance funds construction only after a power purchase agreement, lease or export offtake exists.
• Preferred equity where steady income matters more than maximum upside.
• Public offers such as the Dangote Refinery IPO, accessed through the platform.

Target sectors: distributed solar and storage, agro-processing for export, healthcare and diagnostics, childcare and the care economy, and import-substituting industry.

1. One percent of every investment. Charged on each investor's ticket, so revenue scales with the number of investors in a raise, not just its size.

2. Research subscriptions. Investors, fund managers and companies pay for the data on Nigerian private companies that nobody else collects.

3. Company listings. Firms that want capital share verified financials to be profiled and put in front of investors.

The licensed partner fund manager charges its own fee on each SPV. It is shown separately on every deal before you invest.

Aminco does not hold your money or run the fund at launch. Each deal sits in its own SPV, administered by a licensed partner fund manager that carries the fiduciary and regulatory responsibility. Aminco sources companies, runs diligence and research, and gives investors access and reporting.

This is what separates Aminco from crowdfunding platforms that failed: every investment is managed. It also means Aminco can launch without holding the ₦2bn+ paid-up capital that a fund manager licence now requires.

Who can invest. Nigerians at home and abroad first, through non-resident investment accounts (NRNIA). Investors of other nationalities face more checks; the team is confirming whether a Nigerian-owned SPV can accept them before opening access.

• 1% on each investment, shown before you confirm.
• 0.9% a year on assets under management.
• A published FX fee in place of a hidden spread. Today's reference: CBN ₦1,331.28, parallel ₦1,390 (22 Sep).
• 3% of realised growth profits go to the pooled reserve that backs the Shield, not to Aminco.

No interest is earned on idle balances. Cash waits in screened non-interest placements.

Aminco is pre-licensing. This app is a demonstration and nothing in it is an offer of securities, investment advice or a guarantee of returns. Target returns are underwriting targets, not forecasts. Principal protection describes a structure and carries counterparty, execution and regulatory risk.

Sources. NGX Group market snapshot, top movers and ticker, captured 24 Sep 2026 (30-minute delayed). CBN official rate via ngnrates.com, 17 Sep 2026; parallel rate 22 Sep 2026. Gold spot via Forbes Advisor, 23 Sep 2026. Dangote Refinery IPO terms via Daba and Vanguard, September 2026. Hurdle inputs as cited in the underwriting note.