On January 25, 2017, Riveles Wahab partner Kaiser Wahab gave a presentation on considerations in structuring and raising funds for single purpose vehicles (“SPVs”), sometimes also called single purpose entities (“SPEs”). The SPV is an entity that is structured to take in investor monies towards funding a singular dedicated project or opportunity. They may be used
After 16 years, we have seen all manner of bottlenecks plague the private placement drafting process, resulting higher legal fees or missed opportunities. As a result, we have a strong understanding of what the process efficiency drivers are. The following discusses some brief pointers in order to enhance efficiency, with a focus on the private
The entity of choice for many project finance based ventures (i.e., real estate, independent film, etc.) is the LLC (limited liability company). These entities are excellent for purposes of raising capital due to the fact that state LLC statutes often permit the LLC members to craft core aspects of the LLC by contract (namely, the
While Regulation D possesses significant differences from crowdfunding, there is no reason that an issuer cannot leverage both approaches. In addition, several crowdfunding platforms blend the regulation and general solicitation under rule 506(c). The following provides a brief summary of some of the more popular crowdfunding platforms out there for business ventures.
- Published in Raising Capital
With private placement clients I often get the question “Why Can’t I get non-accredited investors into my Rule 506(b) round, when the rule gives me the right to have up to 35 non-accredited investors?” Yes, it’s true. Rule 506(b) says you can have up to 35 non-accredited investors. However, the devil is always lurking in
- Published in Regulation D