Platform · SPEC
Senior Secured. Operator-Led. Africa-First.
SPEC is Blackshore's structured private credit platform — providing $30–80M senior secured notes via offshore SPV to operator-led African energy projects.
Overview
SPEC originates and structures senior secured notes through an offshore SPV — funding Farm-In and Risk Service Agreement (RSA) transactions with active operators across the African upstream sector.
Each transaction is engineered for capital protection: senior secured collateral, operator alignment, and reserve-based downside coverage. SPEC sits between institutional capital and operator opportunity — disciplined, structured, scalable.
Dual-Gate Governance
Technical Board
Subsurface, operations, and reserves diligence on every transaction.
Investment Committee
Structuring, credit, and portfolio approval. Capital deployment authority.