What is the structure of the RUV?

RUVs are SPVs. The legal entity will be a Delaware Series LP, under a Master Partnership called “AngelList Funds, LP”. An example Roll Up Vehicle legal name would be “LD Fund I, a series of AngelList Funds, LP”. This is the entity that will be on the company’s cap table and sign investment documents. The SPV's general partner is usually "Fund GP, LLC" which is advised by AngelList Advisors, LLC and the SPV’s investment advisor is AngelList Advisors, LLC -- an exempt reporting advisor CRD# 167700. The fund's administrator is Belltower Fund Group.

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