EPISODE · Apr 28, 2023 · 10 MIN
Episode 13: SPVs!
from Tokens of Wisdom · host Dave Rothschild
In a less-than-stellar fundraising environment, some aspiring fund managers want to dip their toe into the fund waters by forming an SPV to invest in one high-conviction idea. An SPV in this context is just a “mini fund” - it’s an investment vehicle formed by a manager to pool capital from outside investors to make (usually) a single investment. Key Points From This Episode:Different ways in which people use the term “SPV”.Flashback to the Legislative Triangle from Episode 1 and why the kinds of SPVs we’re discussing today need to comply with all three sides.Why an SPV like this can often be launched faster and cheaper than a more complex fund vehicle.High-level legal cost breakdown on fund formation vs SPV formation, and the different buckets of cost you’re likely to incur.Disclaimer:This show is for informational purposes only. Nothing presented here constitutes legal advice. Tokens of Wisdom is produced by Dave Rothschild, partner at Cole-Frieman & Mallon LLP headquartered in San Francisco, California. For more information, visit https://colefrieman.com/Links Mentioned in Today’s Episode:Dave Rothschild - https://www.linkedin.com/in/davidcrothschild/Cole-Frieman & Mallon LLP - https://colefrieman.com/Music by Joe Ginsberg - https://www.instagram.com/thejoeginsbergFor any questions or comments, email: [email protected]
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Episode 13: SPVs!
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