SPV stands for Special Purpose Vehicle. In our case, this is a company with the sole purpose to co-invest funds in a specific target. Roundtable creates an SPV per deal, which can be French SAS, SC or Luxembourg SCSp depending on the co-investors country of residency.
What are the advantages of using a founder SPV?
By using a founder SPV, you can keep a clean cap table, simplify governance, and leverage more operator investors to collect even small checks of high value people.
Who will act as Representative for the founder SPV as a shareholder of the target?
Roundtable will act as the nominee for the founder SPV as a shareholder of the target, to prevent conflicts of interest.