Proven infrastructure for SPVs

The minimum raise for SPVs is $80K, or $50K for follow-on investments. If your SPV does not raise the minimum amount, it can still be run as long as a fee contribution is made toward setup and state regulatory fees. This ensures that LPs don’t pay more than 10% of their commitment in fees (excluding optional add-ons).

We recommend that deal leads invest at least 2% of the allocation (or $10K, whichever is lower) to demonstrate skin-in-the-game to their LPs. However, you are only required to invest $1,000. You can invest directly into the syndicate, or you can make an investment alongside (i.e., separate from) the syndicate. If you'd like to raise money from Canadian LPs, you must invest at least $10,000 or 2% of the allocation (whichever is lower).

The setup fee for most deals is $8K plus a flat state regulatory fee of $2K. The setup fee covers formation costs and our back-office team, who handle all the administrative aspects of your syndicate for its lifetime. Each deal you run is set up as a separate vehicle, so each deal incurs this cost. SPV fees are distributed across all LPs who invest in a given deal and prorated based on their investment amount. For pro-rata / follow-on deals, where the previous deal was also run on the same Syndicate via NEIIA, the setup costs are $5K, with a flat blue sky fee of $2K. For more on SPV pricing, see the Pricing page.

You can invite LPs from the Data Room tab of your GP Dashboard. Sending personalized invites is the most secure way to invite LPs, as each LP receives a personalized invitation with a URL that cannot be opened by anyone else. You can set custom minimums, maximums, and carry when sending personalized invitations.

Each time you set up a deal, you can decide whether you'd like it to be private to your LP network. If you do, your deal will only be viewable to the LPs you directly invite or those who back your syndicate.

All SPV information you submit remains private and is only shared with NEIIA. If your deal is approved to tap into the NEIIA network, you can send invites to NEIIA LPs from the Data Room tab of your GP dashboard. There is no guarantee that any specific deal or fund will be eligible for any additional capital from any sources, nor is there a guarantee that an eligible deal or fund will receive any additional capital.