Who can be a US Syndicate SPV Lead?
A Lead Partner can be any legal entity or person who has reached the age of legal maturity and is located in the US (provided they meet certain minimum regulatory and AML/KYC qualifications that are required for all investors in an SPV). In addition, the transaction manager must not be rendered incapable, over indebted, insolvent, or bankrupt.
Whether to choose an entity or a natural person as Lead depends on individual circumstances, including taxation considerations.
The same individual or entity must sign the Lead Partner Agreement and commit/fund the co-investment into the SPV.
DISCLOSURE: This communication is on behalf of eShares Inc., dba 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. Features and pricing subject to change. Carta does not assume any liability for reliance on the information provided herein.
Please refer to important disclosures found here.
©2023 eShares, Inc. dba Carta, Inc. All rights reserved.