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.

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