Which types of SPVs, and which asset classes can Vauban migrate from Assure?

Vauban can accommodate the main Assure SPV types, provided they have invested in simple assets.

Alexandra Cilean avatar
Written by Alexandra Cilean
Updated over a week ago

Permitted Assure SPV types:

Currently, Vauban can migrate vehicles that were set up using the Assure Labs and Assure Standard/Venture SPV variants, where Assure or you acted as the manager.

Non permitted Assure SPV types:

Vauban can't accommodate standalone LPs or LLCs at the moment (ie non series SPVs without a Master)

Permitted asset types:

The Migrate product is only suitable for SPVs that have invested in a private company that is :

  • a single asset, venture-style deal

  • holds an equity or SAFE

  • a c-corporation or similar, non flow-through entity

Non permitted asset types:

If your SPV has invested in one of the below, unfortunately, Vauban can not accommodate it:

  • has invested more than once in its target at a different share price

  • has acquired multiple assets, e.g. two share classes or two share prices.

  • Convertible Loan Note

  • fund of fund

  • has invested in an LLC, LP or other flow-through entity types (where income passes up to the SPV)

  • multiple-assets

  • crypto tokens

  • Real estate

Carta can accommodate all of these Assure SPVs and asset types, however, there is a different annual pricing structure.

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