Investing through a Special Purpose Vehicle (SPV) is the mechanism we use to participate in private opportunities. Below is a clear breakdown of what happens, what you'll see, and how the flow of capital and information works—end to end.
1) Deal Introduction & Interest Confirmation
What happens:
- We present the opportunity overview, valuation, basic thesis, and SPV structure details.
- Investors indicate their intended allocation so the SPV can size the round.
Important: This is simply an expression of interest. It is not binding. Allocation is not guaranteed until funding is complete.
Clarifying note: We share what we are provided. We may not be able to answer detailed questions due to company confidentiality or limitations in available information.
2) SPV Setup & Legal Formation
What happens:
- Our trusted SPV partner forms the legal entity and handles administration.
- Banking/custody accounts for the SPV are set up.
- Required legal and compliance documents are prepared by the SPV partner.
Accredited Investor Self-Attestation:
- You will confirm accredited investor status.
3) Funding the SPV
What happens:
- A capital call is sent with wiring instructions.
- Funds are wired directly to the SPV's bank account—never to CamelStone management, directors, or personal accounts.
- The SPV secures the allocation by wiring funds to the company.
Expectations:
- Transfers should be completed within the requested deadline.
- Late funding may reduce your allocation and may result in lower priority for future deals.
4) Execution of the Investment
What happens:
- Once funding closes, the SPV invests in the underlying company.
- The SPV—not individual investors—is listed as the official shareholder/holder of record on the company's cap table.
Why this matters:
- This structure limits administrative friction for the company.
- Your ownership is a % of the SPV, which holds the core asset.
5) Ongoing Information & Access
Important expectation:
Reporting is dependent entirely on what the company provides. There is no guaranteed cadence. This is normal for private companies.
Typical flow:
- When the company shares updates, the SPV will share them with investors.
- Similar to being a minority shareholder in a public company, access to internal information is limited.
- You may receive occasional financial data, corporate action notifications, or material event updates if provided.
Investors should not expect:
- Monthly or quarterly reporting guarantees.
- Visibility into private internal financials or board-level materials.
6) Exit / Liquidity Event
Possible outcomes (not guaranteed):
- IPO or direct listing
- Secondary share sale
- M&A / acquisition
- Share buyback
Process:
- The SPV executes any liquidity transaction.
- Net proceeds are distributed pro-rata to SPV investors after applicable fees and expenses.
- Relevant tax forms (if any) are provided by the SPV partner.
7) Summary of Roles & Responsibilities
| Area | CamelStone | SPV Partner | Investor |
|---|---|---|---|
| Deal sourcing | —— | ||
| SPV formation | —— | ||
| Compliance docs | —— | Provide info if requested | |
| Funds handling | —— (never CamelStone) | Wire funds | |
| Company updates | —— (if received) | —— | Review & stay informed |
| Exit / distributions | —— | Receive proceeds |
8) Key Takeaways for Investors
- Funds always go to the SPV — not to CamelStone individuals.
- Accredited investor status is required (self-attested; documents may be requested).
- Reporting is event-based, not scheduled. Expect limited visibility.
- Allocations are not guaranteed until funded.
- Liquidity is not guaranteed; timelines are driven by the company.