Frequently Asked Questions

An SPV (Special Purpose Vehicle) is a single-purpose LLC used to pool investor capital into one investment. Instead of each investor holding shares directly in a company, they invest through the SPV, which holds the position on their behalf. Venture360 handles everything: entity formation, legal documents, investor onboarding, capital calls, banking referrals, AML compliance, and ongoing administration.

A Series LLC allows multiple separate SPVs to be created under one master entity, with liability isolation between each series. This significantly reduces formation costs and administrative overhead for managers running multiple deals — there's no need to form a brand-new LLC for every investment.

Most clients launch their first SPV within 24–72 hours of onboarding. Our guided workflow handles entity setup, legal documents, investor onboarding links, and capital call infrastructure from day one. Your dedicated account manager is available throughout to ensure you're live and closing investors as quickly as possible.

Standard SPVs support private company investments. Premiere-tier SPVs support private companies, funds, and other asset types. RIA-advised SPVs and fund administration products support alternative and VC assets broadly. Contact our team if you have a specific asset type to discuss.

Investors receive a branded onboarding link, complete their subscription agreement digitally, provide AML/KYC documentation, and are admitted to the SPV — all through the Venture360 platform. Most investors complete onboarding in under 10 minutes, with no back-and-forth paperwork.

An RIA-advised SPV is structured under the oversight of a Registered Investment Advisor, providing enhanced regulatory compliance and fiduciary protection for investors. The RIA serves as the investment manager and assumes the advisory relationship with investors. Traditional SPVs are managed directly by the deal lead and don't require an RIA relationship. Venture360 supports both structures with purpose-built compliance frameworks.

No. Venture360 serves traditional syndicates, fund managers, and RIAs. Our RIA-advised SPV product is purpose-built for registered advisors, but our platform is available to all eligible investment managers. Our team can help you determine the right structure for your situation.

Venture360's RIA-advised SPV structure is specifically designed to avoid custody triggers. Client assets are not held by the RIA — they're held in the SPV's own banking accounts. This is a key advantage of the structure and one reason why it's growing in popularity among RIAs looking to offer private investments without custody complications. Always consult your compliance counsel for guidance specific to your firm.

Yes. Venture360's fund administration includes K-1 preparation and distribution to all LPs. We coordinate with our accounting team to ensure accurate, timely tax documentation — removing one of the most burdensome aspects of running an SPV or fund. Full fund administration includes annual financial statements as well.

Full Fund Administration ($22,500/year) supports active funds — still raising, making capital calls, and managing ongoing activity. Inactive Funds pricing ($12,500/year) is designed for fully deployed funds that are no longer raising capital and need ongoing administration, reporting, and K-1s at a reduced cost.

Fund administration uses an LP/GP/Management Company structure — the standard institutional structure for venture funds. SPVs use a Master Series LLC structure. Both are established with the appropriate state filings, EIN, and organizational documents.

Form D is a required SEC notice filing for most private placements under Regulation D exemptions (506(b) or 506(c)). It must be filed within 15 days of the first sale of securities. Venture360 offers Form D and Blue Sky filing services for an additional fee. This is not legal advice — consult your counsel regarding your specific obligations.

Under 506(b), you can raise from up to 35 non-accredited but sophisticated investors alongside accredited investors, but you cannot publicly advertise the offering. Under 506(c), you can broadly advertise and solicit investors, but all investors must be verified as accredited. The right exemption depends on your strategy — Venture360 supports both.

Blue Sky laws are state-level securities regulations that may require notice filings in each state where you're accepting investors. Many states have Reg D exemptions that make compliance straightforward. Venture360 offers Blue Sky filing services for $1,500 (state-specific fees are passed through at cost). We currently support filings in all 50 states.

Anti-Money Laundering (AML) and Know Your Customer (KYC) checks are built into Venture360's investor onboarding flow. Every investor is screened as part of the onboarding process, with checks run against relevant watchlists and sanction databases. This is included in all SPV and fund administration products.

Traditional SPV pricing starts at $3,000 (MicroSPV for raises under $250K) with flat-fee tiers up to $10,000 for Premiere SPV. RIA-advised SPVs start at $5,000. Fund administration starts at $22,500/year. There are no AUM fees, no percentage of funds raised, and no hidden fees. See the full pricing page for details.

No. Venture360's pricing is entirely flat-fee. We do not take a percentage of capital raised, no AUM fees, and no carry cuts. You keep 100% of your carry. This is one of the key differences between Venture360 and many competing platforms.

SPV pricing is a one-time flat fee that includes administration through the first year. After the first year, if there is continued capital activity (additional closes, distributions, etc.), activity fees may apply. If your SPV is fully invested and inactive post-Year 1, ongoing costs are minimal. Tax and K-1 preparation may have additional costs in subsequent years. Our team will walk you through the full cost picture before you sign up.

Venture360 is SOC 2 certified — our security controls have been independently audited and verified. All data is encrypted in transit and at rest. We take the responsibility of protecting sensitive financial and investor information with the utmost seriousness.

Venture360 is an all-in-one platform designed to handle the full back-office stack without requiring additional integrations. We offer banking referrals to institutions that streamline SPV account setup, and our team can discuss specific integration needs on a case-by-case basis.

Yes. Investor-facing onboarding flows and portals can be branded with your firm's identity, giving your investors a professional, consistent experience from first invite to final distribution.

LIQUIFI is Venture360's secondary trading platform designed to bring real liquidity to private investments. It enables fund managers to offer controlled transfer opportunities within their LP base — giving investors a genuine path to liquidity without requiring a full exit event.

Investors who wish to transfer their position submit a request through the platform. LIQUIFI then matches them with qualified buyers within the existing LP network. The manager retains full visibility and control over the transfer process, with Venture360 handling the administrative and legal paperwork for each transfer.

Under SEC rules, an accredited investor is generally an individual with annual income exceeding $200,000 (or $300,000 with a spouse) for the past two years, or a net worth over $1 million excluding primary residence. Certain professional certifications (Series 7, 65, or 82) also qualify. Private placements through Venture360 are typically limited to accredited investors. This is not legal or financial advice — verify your status with a qualified professional.

K-1s are distributed to investors through the Venture360 investor portal. You'll receive a notification when your K-1 is ready, and you can download it directly from your portfolio dashboard. If you have questions about your K-1, contact your fund manager or reach out to the Venture360 support team.

Venture360 Connections matches accredited investors with fund managers and syndicates on the platform based on investment goals and criteria. Investment opportunities are introduced through matched fund managers — not through a public marketplace. Coming Soon!