SPV-in-a-box (Assure)

February 09, 2021

by a searcher from University of Notre Dame in Frederick, MD, USA

I've recently come across a company called Assure (www.assure.co) that provides SPV formation, administration, accounting, etc. in one easy, neat package (supposedly). They can spin up SPVs on demand for you in less than a week. It may be of obvious interest to both searchers and search investors, especially if the process is as smooth as advertised.

Not sure if anybody here has used it already, but I would be interested in your experience if you have.

They are also doing a series of webinars today and tomorrow with helpful basics and advanced topics on things like structuring, taxes, regulatory reporting, etc. that may be helpful. I listened to one of them today and found it to be pretty helpful. Replays available on their website.

Reply by a searcher
in Boston Metropolitan Area, USA

I have used Assure through their glassboard platform as a LP. They are a significant player in the SPV/syndication compliance arena. I can attest to the fact that they can spin up SPVs quite fast (real world experience is###-###-#### weeks). They also seem to have done a good job with accounting in SPV with multiple closings. If you require things like ACH distributions then those things happen seamlessly too (from an investor perspective). Assure's platform, especially from the ease of use perspective, is a royal pain and still has quite some distance to go to be considered world class.

Reply by a searcher
from University of Notre Dame in Frederick, MD, USA

Thanks for the input everybody. My needs for something like this are not imminent, but I may circle back with some of you at some point when it does. I am primarily a public equity investor, but occasionally I come across private investment opportunities that fit my investment strategy. I have always had to pass because the SMA structure that I use, despite its many virtues, really cannot accommodate private assets. One or more SPVs could be an attractive solution if the provider can take care of most of the rigmarole of its formation and administration.

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