💼 Co-Investment Vehicles & Syndicates in Unlisted Equity

Summary: Investing alongside VCs or in angel syndicates lets you access bigger deals and tap expertise. Discover structures (SPVs, fund-of-one), economics, and how to join high-quality syndicates.

1. SPV Structures Explained

Special Purpose Vehicles pool multiple investors into one entity—simplifies cap-table and dilution tracking.

2. Economics & Fees

Typically 1–2% setup fee and 10–20% carry on profits—negotiate carry and hurdle rates upfront.

3. Finding Syndicates

Platforms like InvestoEdge syndicate feeds, AngelList groups, or invited-only WhatsApp circles.

4. Governance & Decision Rights

Ensure proportional voting or board observer seats; avoid blind LP roles without visibility.

5. Exit & Waterfall

Clarify exit priority—SPV-level sale vs individual co-investment exits; waterfall splits.