Uniborn, as a startup, operates independently from the Special Purpose Vehicles (SPVs) it helps create. Since SPVs are legally separate entities, the potential shutdown of Uniborn would not directly impact the ownership structure or financial integrity of these investment vehicles. Each SPV remains intact as a non-operating holding entity, meaning investors and deal leads retain full control over their respective deals, ensuring continuity even in Uniborn’s absence.
In such a scenario, Deal Leads (who already have authority over their SPVs) would not need to migrate their investments but would instead assume direct responsibility for their administration. To facilitate this transition, Uniborn would recommend alternative third-party administrators, though Deal Leads would have the freedom to choose their own service provider.
If a Deal Lead prefers, they can also migrate their SPVs to their own structure, though this would require additional legal work.
Ultimately, while Uniborn’s exit may introduce some operational shifts, the fundamental structure of the investments remains secure, ensuring minimal disruption for investors and Deal Leads alike.