UK Trust SPV:
Structure: UK Bare Trust
Operates as a joint-venture
Parties involved: Beneficiaries (investors and the lead/s) and the trustee
25 investor limit
No carry and no subscription fees
The UK Cap-table SPV is a UK Bare Trust with Vauban Nominees Limited acting as its trustee.
The structure chart below shows the overall structure of the SPV. The Lead and the Investors are the beneficiaries and the trustee holds the assets of the trust in trust of the beneficiaries.
Governance:
The investors need to take part in the day-to-day management of the SPV. Each of the investors has voting rights and must vote in order for a decision to be reached. The poll feature on the dashboard can be used to get consent from all of the members
