not sure if this is in the LPA but would spv deals count towards our track record and fund economics? I am getting some compelling SPV deals my way so wanted to check first.
May 03, 2023
SPV's count for previous activity if they are related to your Thesis. The are similar to making angel investments. However, they do not have any impact on your track record being a fund manager, as SPVs are viewed as slightly more complicated angel investments by sophisticated LPs.