Assure Analytics Releases Groundbreaking State of the SPV Report
SALT LAKE CITY, May 6, 2022 Assure Analytics announces the release of the 1st Annual State of the Special Purpose Vehicle (SPV) report.
Assure Analytics is the business intelligence unit of Assure, the leading provider of SPVs. Assure Analytics gathers millions of data points across private markets and interprets them to create relevant insights unavailable elsewhere. This unique knowledge enables clients and the global financial industry make better investment decisions.
The concept of SPVs for private capital raises has been around for a long time. However, they have been expensive and time consuming to use. In 2013, Assure changed that by streamlining the process and lowering the costs for creating, administering and closing SPVs, meaning that more deal organizers and investors could access them.
Some notable findings from the report include:
The median SPV size is $422,000
70% of SPVs raise under $1 million
6% of SPVs raise more than $5 million
The median U.S.-led SPV raise was $103,000 with an average of $20,000 per investor
The median non-U.S.-led SPV was $325,000 with an average of $38,000 per investor
Over the past six years, the median SPV size has almost doubled while the average investment has more than tripled
Less than 10% of SPVs collect a management fee
California organizers are most likely to charge a management fee
International organizers are least likely to charge a management fee
SPVs put capital to work and make investor distributions fast. The time to 1st investment is 43 days, and the time to 1st distribution is 2.3 years. Again, much faster than is typical in the private markets.
Assure is the pioneering, industry-leading provider of comprehensive structuring and administrative services for the syndicate and venture investment community. The company offers professional, high-quality services and innovative software that streamlines setting up, closing and managing back-office fund administration for angel and private asset investing. Assure’s experience and volume significantly outpaces other fund administrators. Assure's approach, which allows clients to structure and close deals faster, cheaper and with more transparency, helped pave the way for the ascendance of the “super angels,” special purpose vehicles and micro VCs. The company has worked with more than 1,400 clients, including Launch,Equity Zen, Republic, Forge, Tribeca Angels, Tech Coast Angels, and Backstage Capital, structuring and closing more than 8,500 deals with over $9 billion in assets under administration. Assure offers a full suite of services including special purpose vehicle administration, fund accounting and fund taxes, Exempt Reporting Advisor (ERA) services, KYC/AML services and 506(c) accreditation. For more information about Assure, visit www.assure.co.
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