The Angel Next Door Episode 8 - Jeremy Neilson talks Special Purpose Vehicle and Fund of Funds
This week on ‘The Angel Next Door’ we are talking all about SPV’s (Special Purpose Vehicle) and fund of funds! Marcia Dawood sits down with the Co-founder and CEO of Assure, Jeremy Neilson. Assure is the industry leader in structuring SPV’s and the most experienced end-to-end administrator of what many Angels and deal organizers call the fast, affordable SPV. What makes them so special is that their work has decreased the cost of SPVs by 90%, making it possible for more investors to invest in more companies at one time.
Jeremy and Marcia discuss secondary markets. Angels are always interested in hearing ways to either get into a deal through buying secondary shares or getting some liquidity by selling shares on the secondary market. It is a hot topic!!
He also talks about how the future has become much more digital due to covid which is why it’s important to streamline these processes so that anyone from anywhere can raise money. See below for our list of definitions from the episode.
SPV: Special Purpose Vehicle - “Vehicle" refers to the legal entity, or structure, created for raising money in order to invest. The “Special Purpose” is the investment. This investment could be into a startup, a private company, a real estate project, or other assets like art or films.
Fund of Funds: A "fund of funds" is an investment strategy of holding a portfolio of other investment funds rather than investing directly into one venture fund.
This episode is great if you are interested in becoming an investor or learning about how the process works! Tune in to learn more!
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