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Dictionary by pitch.dog
Investor & fund types · Core

SPV

Also called: special-purpose vehicle

ELI5

A separate legal entity created for one deal or purpose.

Used in conversation

“The angel syndicate invested through an SPV.”

Definition

A special purpose vehicle formed for a specific investment, transaction or legal purpose.

Here “SPV” means: A special purpose vehicle formed for a specific investment, transaction or legal purpose.

Pitch context

You will see “SPV” in fundraising decks, data rooms, term sheets and investor conversations when the discussion reaches investor & fund types.

Why it matters: In investor & fund types, a loose definition can change rights, obligations, approval, disclosure or enforceability.

Caution

Meaning, enforceability and required process vary by jurisdiction and agreement; this definition is not legal advice.

Connected terms

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Sources & evidence · 6

Direct term-level sources and supporting source families.