Every syndicated deal we run is launched as a new, independent Series under our Delaware Series LLC. While the master entity stays constant, each Series functions as a deal-specific SPV with its own investors, economics, and legal structure.
Here’s how a typical deal comes together:
1. Deal Sourcing & Adviser Setup
• The Adviser (deal lead) brings us a qualified opportunity.
• We gather key details: company name, round terms, target raise amount, timing, and investment rationale.
• The Adviser confirms carry structure, minimum check size, and whether they are co-investing.
2. Legal & Entity Formation
• We create a new Series designation under the master LLC.
• Draft deal-specific supplements to the Operating Agreement and finalize the Subscription Package.
• Open a dedicated bank account for the Series.
3. Investor Onboarding & Capital Commitments
We handle:
• Investor registration & accreditation (Reg. D or Reg C)
• Execution of legal documents (e.g., Subscription Agreement).
• Wiring instructions and confirmations.
Investors fund into the Series’ bank account.
4. Closing & Investment Execution
• Once the funding threshold is met, we:
• Wire funds to the target company or secondary seller.
• Finalize closing paperwork and cap table updates (via Carta or directly with the issuer).
• Issue membership interest confirmations to each investor.5. Post-Close Administration
• Ongoing investor updates, distributions, corporate actions, and exit tracking. • We prepare and distribute K-1s each tax season.
• The Series remains active until the investment is fully liquidated and dissolved.