What is the maximum number of investors that can invest into an SPV?

Due to SEC guidelines, any SPV raising up to $10M may have up to 249 investors. We typically set the maximum at 247 investors, so that there is room for a few investors to transfer positions in the future, if necessary.


For SPVs raising more than $10M, the limit is 99 investors. Similarly, we typically set the maximum number slightly lower, to account for future transfers.

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