Fund documents are legal agreements that define the operations of an SPV and establish the rights and responsibilities of its members. SPV documents include the Operating Agreement, Private Placement Memorandum (PPM), and Subscription Agreement. The Operating Agreement outlines the relationship between the investors and managers of the SPV. The Subscription Agreement details the terms under which investors commit capital to the SPV. The Private Placement Memorandum (PPM) informs prospective investors of the risks associated with investing in the SPV.
Menu