[qppo]

Every professor I had in undergrad would dock me 5-10 points for using an acronym without defining it first. It took me two clicks to get to the definition of SPV (special purpose vehicle?), which is pretty meaningless to someone who doesn't spend their day thinking about equity.

[multani787]

Apologies, a SPV (special purpose vehicle) is effectively a single use VC fund that is created to purchase a single asset and is funded completely upfront. In comparison a standard VC fund targets the purchase of multiple assets and calls capital from investors as opportunities arise.