Setting Up a SPV

This guide will walk you through the process of setting up a Special Purpose Vehicle (SPV) on our platform.

Step 1: Initiate New SPV #

Begin by navigating to the Syndicately platform.

  1. Log in to your account.
  2. On the dashboard, select “Start New SPV”.

Step 2: Choose SPV Manager #

Next, you’ll need to choose a manager for your SPV.

  1. From the management profiles you’ve previously set up, choose the appropriate one.

Step 3: Provide Portfolio Company Details #

You’ll then need to provide details about your portfolio company.

  1. Enter the name of your portfolio company.
  2. Provide its legal entity name.

Step 4: Assign a Name to the SPV #

Your SPV will need a unique name.

  1. Give your SPV a unique name.
  2. For clarity, it’s advisable to incorporate the portfolio company’s name in the SPV name.
    1. Tip: If you are using a Master Series structure, please use the following format: Master Name – Subsidiary Series Name.

Step 5: Establish Financial Goals #

Next, define your financial objectives for the SPV.

  1. Set the target closing date.
  2. Determine the target amount.
  3. Define the minimum and maximum investment amounts.

Step 6: Determine Fees #

You’ll also need to set the fees for your SPV.

  1. Set the carry percentage.
  2. Determine the management fee, which can be either a fixed amount or a percentage.

Step 7: Consent to Terms #

Before creating your SPV, you’ll need to confirm your compliance with various terms and regulations.

  1. Confirm your SPV’s compliance with the 506b offerings and the rules and regulations stipulated by the SEC.
  2. Agree to Syndicately’s fee structure, which includes a 1% fee of each investor’s gross capital commitment (capped at $25,000 per SPV), a $500 fee per distribution upon a liquidity event (capped at $10,000), and a $500 fee for SPV cancellation.
  3. Consent to Syndicately’s terms of service.

Step 8: Create the SPV #

Finally, you’re ready to create your SPV.

  1. Click on “Create SPV”.
  2. You’ll be redirected to a screen displaying all the details of your SPV.

Step 9: Sign the Operating Agreement #

Let’s sign the Operating Agreement.

  1. Log into your account and go to the deal page for your SPV. 
  2. At the top, you’ll find the operating agreement that needs your signature. 
  3. Please review it carefully and sign.

Congratulations! You’ve now completed the steps to set up a Special Purpose Vehicle (SPV) on Syndicately. We look forward to helping you manage your investments more effectively. If you have any questions or need further assistance, please don’t hesitate to reach out to our support team.