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SPV ADMINISTRATION //

Experience. Transparency. Affordability. Everything you need to manage your SPVs.

Our Capabilities

Deal Set-up and Investor Onboarding

  • Consult with client about SPV structure and set-up.
  • Form regular or series LLC or LP.
  • Register entity in the applicable state.
  • Obtain an Employer Identification Number (EIN) on behalf of the SPV.
  • File a foreign entity registration in all applicable states.
  • Hire a registered agent for the SPV.
  • Provide template SPV documents, including operating agreement/limited partnership agreements, PPM, and subscription agreement.
  • Review investment documents and suggest adjustments or side letters to allow for an SPV investment.

Fund Financing and Deal Closing

  • Set up a bank account to aggregate commitments, if needed.
  • Record the receipt of documentation and wire transfers from investors.
  • Maintain files for each investor and create a ledger of investor information.
  • Track investor ownership percentages and expense allocations.
  • Assist with multiple closings.
  • Assist in closing transactions by obtaining and aggregating executed documents, and transmitting capital to company or sponsor.
  • Make appropriate book entries reflecting the use of proceeds from the sale of SPV interests to investors.
  • Account for the wiring of funds to the portfolio company or sponsor.
  • Assist with potential follow-on (pro rata) investments.

Ongoing Administration

  • Prepare and send capital account statements to investors.
  • Pay ongoing SPV expenses including (a) LLC/LP formation and registration fees, (b) tax filing fees, registered agent fees, foreign registration fees, and (c) any other expenses properly incurred.
  • Assist with all post-close requests related to the SPV investment(s). Assist with waterfall calculations.
  • Manage periodic distributions to investors.

Taxes and K-1 Services

  • When needed, prepare and file an annual Form 1065 partnership tax return.
  • Prepare and assist with the distribution of Schedule K-1s to investors.

SPV Wind Down

  • Assist or manage the distribution of cash, stock, or other proceeds in a liquidity event.
  • Shut down the SPV upon complete exit or failure.
  • Prepare final tax return and distribute final K-1s.

Cryptocurrency

  • Formation of funds specifically geared for investments into pre-ICO offerings.
  • Required security filings including Form D and Blue Sky filings.
  • Maintenance of the fund’s legal status including annual filings.
  • Preparation, filing, and distribution of annual tax returns, as needed.
  • Distributions of cryptocurrency once the tokens are available.
  • Filing of final taxes and fund dissolution.

Glassboard by Assure is an innovative software platform that gives private fund organizers, managers, and investors greater transparency and control over back-office fund administration processes.

LEARN MORE ABOUT GLASSBOARD

BENEFITS TO OUR CLIENTS

EXPERIENCE + TECHNOLOGY
PRICING + VOLUME
SIMPLICITY + TRANSPARENCY

Experience + Technology

We know all of the details of creating and managing SPVs, and pass that expertise on to you. Using our state-of-the-art Glassboard software, you’ll have real-time visibility into deal progress and requirements, and receive notifications for upcoming tasks.

Pricing + Volume

Now you can offload back-office fund administration tasks from employees who are stretched too thin. With our deep expertise and innovative technology, you can create and manage SPVs quickly, affordably, and at volume.

Simplicity + Transparency

We simplify and expedite the SPV process with complete transparency. From onboarding to management to deal closing, our Glassboard platform ensures that you always know what is happening and get the guidance you need.

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© 2018 Assure Holdings, LLC. All rights reserved. Assure is a registered trademark of Assure Holdings, LLC.

Assure is not in the fund advisory business and does not hold itself out to the public as an investment adviser or a placement agent. Assure does not charge or receive commissions or success fees.