The Investment Manager limits what the US SPV cannot invest into, and these limitations are as follows:
Crypto,
secondaries,
debt instruments (CLAs, SAFEs allowed),
other VC funds,
other SPVs,
and LLCs*.
*For tax reasons, our US SPV only permits investments into C corporations. (Similarly to other US platforms)The LLC would need to elect to be a tax-opaque structure to make it suitable for investment.