Vauban will send you an engagement letter, confirming the pricing and scope of services which you will sign on Vauban.
You will insert the precise names of the vehicles that you wish to migrate into this agreement.
Vauban will send you an invoice related to the engagement letter. Payment is due up front and is split over three years.
The Vauban team will set up your environment; your universe' where you will find a 'container' for each one of your SPVs (drawn from your engagement letter).
You will complete the missing fields and upload the documents, using the information that Assure provided in your Box file.
To be able to migrate and administer your vehicle for its lifetime, this information is required to be completed accurately.
The list of what is required for Vauban to fulfill its duties is here.
This includes the details of your investors; you can either add them yourself or invite them to submit their info.
If there is any missing info, Vauban will try to assist you to gather what is needed.
Vauban will perform thorough due diligence on all the information you've provided and ask for remediations where necessary.
Once your SPVs are approved, the migration process will start
You will sign the relevant documents
Vauban will then file the documents to complete the migrations in two batches:
middle of February
end of March
The legal process is outlined here
Vauban will apply for an extension to your tax filing deadline to ensure no penalties are levied on your vehicle or your investors.
If your SPV had any income or activity in FY22, a full tax return will be filed with the IRS and K-1s will be provided to your investors, every year until exit.
Vauban will support any distributions or exit events, opening a new bank account for your SPV and calculating your waterfall.
Vauban is here to support all your future dealmaking activities, and has a full suite of US and international SPV and fund vehicles at your disposal!