This Special Purpose Vehicle (SPV) Dictionary serves as a comprehensive resource for understanding the terminology associated with these financial instruments. SPVs, by their nature, can involve a complex interplay of legal, accounting, banking, tax, compliance, and administrative considerations. This dictionary aims to provide clear and concise definitions for the key terms encountered in the context of SPVs.
A sales and purchase agreement (SPA) is a legal contract that obligates a buyer to buy and a seller to sell a product or service.
A legal structure, used typically to aggregate funds of one or more investors to purchase a private asset. SPVs have been used as a financial
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A lightweight Special Purpose Vehicle (typically a Delaware LLC) that is formed and fully operational before any capital is raised or contributed. Unlike a traditional
A single-member Special Purpose Vehicle (also called a “Fund-of-One SPV” or “Single-Investor SPV”) formed by one individual, family office, or institution for the sole purpose
IRS form or application to apply for an EIN. This relays the contact information for the entity and the person responsible for requesting it. See
A nine-digit number assigned to citizens, some temporary residents and permanent residents of the United States (US) in order to track their income and determine
A share in the ownership of a company, evidenced by a Stock Certificate. The exercise of the ownership rights in the company is best manifested
An SPV’s structure describes various elements combined to create an SPV. Structure in the context of an SPV refers to the jurisdiction selected and the
A legal entity, typically an LLC or LP, used to pool investor capital to invest in a private asset. The term Structured Vehicle is a
Up to 50 Investors
Up to 3 Closes
Entity Creation
Registered Agent
EIN
Money Movement Account
ACH and Wire
Documents
Flexible Economic Terms
QP and QC
Invite investors
US and Non US Investors
Tax Documents including W-8 BEN E
506(b) Accreditation Verification
506(c) Accreditation Verification
KYC/AML Checks
Impersonate
Side Letters
Auto-reconciliation
Document Regeneration
Refund
Edit and Increase Investment
Deal Closing
Beneficiaries
Permission Based Access
Assets
Purchase Agreement Checklist
Ops Panel
Multiple Closes
Multiple Assets
