How to set up a US Syndicate SPV

How to set up a US Syndicate SPV

When the engagement letter is signed and the lead partner's KYC is complete, your account executive will introduce you to the project manager who will be helping you during the onboarding process.

Your project manager will send you an email invite to jumpstart the process and will share instructions on the next steps. You should be on the lookout for an email from Carta with the subject “Your SPV is ready to set up”.

Please follow the link in the email invitation as directed. Once done, you will be able to:

1. Generate the SPV's Governing Documents and sign the Lead Partner Agreement. Note that Carta acting as the General Partner of the SPV will sign the remaining documents.

2. Enter the investment details to provide investors with information about the target company, such as an investment memo, a pitch deck, and the related investment risks.

3. Form a data room (optional)

4. Set up the Capital Call preferences (Immediately or Later).

5. Invite prospective investors to subscribe. Note that for regulatory considerations, it is mandatory for the Lead Partner to invest at least $1,000.00.

6. Deploy Capital, by adding the target company's wire instructions and sharing the Purchase Agreement signed by the target company.

In the background, Carta will handle the EIN request and will open a bank account for the SPV. If you have any questions about the process, your project manager will be able to help you.