Launch an SPV

$0 upfront. You pick your ongoing pricing at configuration: Platform Fee Tier ($5,000 at First Close, covers 5 years; volume discounts to $2,500 for repeat sponsors) or Carry Tier ($0 fee, 2.5% of LP profits at realization — only for deals expected to appreciate).

Platform Fee Tier renewals accrue every 5 years at 60% of the prior period. For SPV 1: $5,000 at First Close, $3,000 accrues at year 5, $1,800 at year 10. Renewals are paid from distribution proceeds, junior to LP capital return. If your deal exits successfully at year 10, total platform cost is approximately $11,000 (vs Sydecar $12,500). If your deal goes to zero, the renewal accruals are waived at dissolution and you have paid only the First-Close $5,000.

200% of the original First-Close fee. SPV 1 lifetime maximum: $15,000. SPV 10+ lifetime maximum: $7,500. Even a 30-year SPV cannot pay us more than 200% of what it paid at First Close.

They accrue as a liability of the SPV at each 5-year anniversary, with interest at SOFR+2%. They're paid from the SPV's next distribution event (M&A proceeds, IPO distribution, recap, etc.) before GP carry but after LP return of capital. If the SPV dissolves and proceeds are insufficient, the accruals are waived. We never collect platform fees in priority to LP capital return.

Under Carry Tier: you owe Ignite zero — we earn nothing on deals that don't generate LP profits. Under Platform Fee Tier: you have paid $5,000 (or your volume-tier rate) at First Close; renewal accruals get waived at dissolution if proceeds are insufficient. Either way, passthrough expenses (tax, K-1s, state filings) are billed at cost to the SPV reserve.

Platform Fee → Carry: yes, with Platform Manager consent and a fresh Appreciation Attestation. Fees paid aren't refunded. Laureate has a one-way right to reclassify Carry → Platform Fee Tier if the asset turns out not to be appreciating (prevents misuse). GP-initiated Carry → Platform Fee requires LP consent since it changes LP economics.

5% on LPs who subscribe through Laureate Markets (LPs you didn't source). Zero on LPs you invite directly. Applies to both tiers.

Yes. Every SPV and fund on Ignite is issued as a regulated digital security under the ERC-3643 standard, recorded on Base L2, with our SEC-registered transfer agent as the authoritative register. This is architectural — you can opt out of secondary market visibility (your SPV will not appear on Laureate Markets) but not out of the digital-asset infrastructure itself. Your LPs never need to know it is digital; they sign subscription documents and receive statements as they would for any private vehicle.

No. Ignite is private fund and SPV infrastructure. Our vehicles invest in private equity, venture capital, real estate, credit, hedge fund strategies, and other traditional alternative assets — not in cryptocurrencies, not in DeFi tokens, not in speculative digital assets. The platform uses digital-asset infrastructure (specifically ERC-3643, a regulated digital security standard) to maintain the investor register and enable optional secondary market access. The asset classes our SPVs invest in are entirely traditional. The infrastructure underneath is modern. Your LPs receive K-1s, audited financials (when applicable), and quarterly statements — the same as any private vehicle.

USD cash held in the SPV's banking sub-account to cover passthrough expenses (tax prep, K-1s, state filings, FATCA/CRS for offshore). Called alongside investment capital at First Close: $5,000 (Delaware) or $7,000 (Bermuda SAC), with maintenance thresholds of $2,000 and $3,000 respectively. Same in both Platform Fee and Carry tiers — passthrough cost is identical. Residual at dissolution returns to LPs pro-rata. Reserve does NOT cover the Platform Fee — that is paid separately at First Close.

Yes. Volume discount on the First-Close fee: $5,000 (SPV 1) → $4,000 (SPVs 2-4) → $3,000 (SPVs 5-9) → $2,500 (SPV 10+). Same percentage discount applies to all renewal fees. A GP with 10 SPVs pays roughly 50% less per SPV than a first-time launcher. Carry Tier rate is fixed at 2.5% but Carry Tier SPVs count toward your volume tier for future Platform Fee Tier SPVs.

No. Ignite is SPV and fund infrastructure — we maintain the investor register for vehicles on the platform (the LP-side cap table). For portfolio company cap tables (founder/employee equity, options, vesting, 409A), GPs typically use Carta or Pulley. We focus on the SPV/fund side: KYC, subscriptions, capital calls, distributions, K-1s, and the digital register.

Platform-Advised tier: Alpha Innovations Ltd. (SEC Registered Investment Adviser, CRD #300529 / SEC #801-136077) serves as investment adviser for qualifying SPVs. Adds 25 bps annual advisory fee and audit requirement. For US deal leads who want regulated IM oversight without registering themselves.