SPV investment offerings require specific expenses—regardless of the asset class or the size of your investment. The expenses for each investment opportunity are listed in the offering documents.

These annual expenses cover mandated regulatory filings and related fees. Some of these charges include filing with the Securities and Exchange Commission, state securities law filings, audit fees, fund’s tax returns, etc. Fund expenses are also used to cover out-of-pocket legal fees and expenses, if any, incurred to structure and document any SPV loan or participation, and trustee fees, if applicable.