A Segregated Portfolio Company ("SPC") is a cellular corporate structure, where segregated portfolios (of which the assets and liabilities housed within that particular cell is ringfenced from other cells) can be formed on a rapid basis.
Segregated Portfolios ("SPs") are required to be specifically identifiable, so that assets (and liabilities) are assigned to the particular SP and not accorded to the general assets of the Segregated Portfolio Company.
An example of the way the naming works, in regards to Segregated Portfolios of Segregated Portfolio Companies, is as follows:
Official name as referred to in documentation and accounts: Global Ventures SPC acting solely for the account of PropTech UK SP
Name of SPC: Global Ventures SPC
Name of SP: PropTech UK SP