REBLOG: Special Purpose Vehicles: Making the Most of Participation Rights


In recent years the Special Purpose Vehicle (SPV) has emerged as a device to quiet those gnashing teeth. Originally, SPVs were mostly used by loose groups of angels to facilitate investment in a specific emerging company, most often in a seed or other very early round. They are still used in that scenario, but more recently are being employed in later rounds by smaller funds that participated in earlier rounds but lack dry powder to either protect themselves in down rounds or double-down in flat and up rounds

https://www.lexology.com/library/detail.aspx?g=de463075-8d99-455c-8975-de3b5a5dde1a

spv special purpose vehicle

 

Author: JD Morris

Learn more about JD Biography on LinkedIn: http://www.linkedin.com/in/jdmorris

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