Corporate Governance
Delaware Series LLCs: A Scalable Structure for SPV Investing
Fund managers running multiple deal-by-deal SPVs don’t need to form a new LLC and draft fresh documents for every raise. Delaware’s series LLC statute lets you build a single “master” platform once and spin up a new liability-shielded “series” for each deal, cutting formation costs and legal overhead as you scale. This post walks through the three-layer structure, the registered-vs-protected series decision, the document suite, and the regulatory considerations that come with it.