Posted by Assure ● Nov 23, 2021 1:26:35 PM
Assure Leads Industry in SPV Deals, Facilitating Private Investment and Fueling Growth in Startups
SALT LAKE CITY, November 23, 2021 – Assure is pleased to announce that it has closed a record breaking 2,000 SPVs in a year today — more than double the number of SPVs it closed in 2020. This record-breaking achievement reflects the fact that SPVs are seeing a dramatic increase in use by investors and entrepreneurs in the private investment sector.
As an indicator of the volume and frequency of private investment deals, this new record of Assure SPVs also reveals the growing preference for using SPVs to structure and administer private investments. To date in 2021, Assure closed an average of 6.25 SPVs every day, putting over $3.2 billion to work for private investors and fueling growth for startups. Assure has facilitated a total of over $8.5 billion raised for investment into private assets in more than 7,600 Assure SPVs.
“Assure is pleased to be leading the evolution and growth of the structured vehicle marketplace by shattering industry records for SPV deals closed,” says Katie Neilson, co-founder and CRO of Assure. “Our innovative spirit and commitment to providing the best services to our clients is a huge contributor to our success.”
Since 2013, when Assure established the SPV services industry category, the company has consistently achieved annual growth of 50% to 100% on its SPV activity, with 2021’s trajectory surpassing any previous year.
Other recent milestones:
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. Their 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 7,600 deals with over $8.5 billion 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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