Simplifying subscription documents for SPVs

Simplifying subscription documents for SPVs

Author: The Carta Team
Read time:  2 minutes
Published date:  December 8, 2020
Carta’s new Closings tool simplifies the process of onboarding LPs to your SPV. Learn more about how the process works.

We’ve made closing an SPV easier than ever. With Closings on Carta, investors can quickly and efficiently close SPVs with just a few clicks. Today, we support SPV closings. In the next few months, we’ll expand to allow full funds to close on Carta. 

Quickly and efficiently close SPVs

Since we launched our fund administration product in 2018, we’ve worked with over 1,700 funds, more than 700 of which are special purpose vehicles (SPVs), and we manage more than $20 billion in private fund assets. We’re focused on helping investors easily run their funds while we manage their back offices. Now, we’re making it easier for investors to form SPVs and funds. 

GPs spend months—sometimes years—developing relationships with their prospective investors. Once GPs have limited partners on board, fund managers are ready to execute on the deal. Instead, both sides are stuck with piles of repetitive paperwork as part of the subscription agreement process. But it doesn’t need to be this way. As Fred Wilson, co-founder of Union Square Ventures wrote on his blog, “I remain confounded by the fact that we complete the exact same form time and time again, answering the exact same questions.”  

Simplify the process of onboarding LPs

Recently, we standardized the SPV process. Forming an SPV is a breeze when you do it with Carta. We help you customize your legal docs, form an entity, find a registered agent, and open a bank account. When it’s time to wrap your SPV up, we’ll take care of all the distributions and communications to your investors. We’ve partnered with SPV tax professionals to handle your K-1s so your taxes happen in-app.

Carta’s new Closings tool simplifies the process of onboarding LPs to your SPV. Here’s how it works:

SPV Closing Process

With the new standardized closing process, closing an SPV has never been easier. Get in touch with our team to learn more about Closings with Carta.

DISCLOSURE: This communication is on behalf of eShares Inc., d/b/a Carta, Inc. (“Carta”). This communication is not to be construed as legal, financial, accounting or tax advice and is for informational purposes only. This communication is not intended as a recommendation, offer or solicitation for the purchase or sale of any security. Carta does not assume any liability for reliance on the information provided herein.

The Carta Team
While we believe in assigning ownership at Carta, this blog post belongs to all of us.