Primary investments
Lead or co-invest in startup rounds at any stage, from pre-seed to pre-IPO.
spv
Delaware LP SPVs. Global. Fast. Simple.
A fully flexible Series LP structure for fund managers, independent sponsors and regulated advisors. Set up same-day, with full-service administration from formation to exit.
A FLEXIBLE SOLUTION
One structure. Every deal type.
A Delaware LP with no restrictions on asset class or geography.
Secondary transactions
Buy and sell existing stakes in private companies.
Feeders & layered SPVs
Aggregate capital into a third-party fund or co- investment vehicle.
Independent sponsors
Pool investor capital for complete business acquisitions and buyouts.
Search funds
Back entrepreneurs acquiring and operating a single company.
Any private asset
Real estate, credit, crypto, LP interests. No restrictions on asset class or investment geography.
Trusted by investors, founders, and managers globally
0 + Founders
0 M+ AUM
0 + Asset Managers
Raise & deploycapital in days
Tell us about your deal
We set up your SPV same-day, including entity formation, bank accounts in USD, GBP or EUR, and all legal documentation.
Why Odin's Delaware LP?
The institutional standard for private investment vehicles.
Institutional structure
The same Limited Partnership vehicle used by the world's top VC funds. Familiar to institutional LPs, fund-of-funds, and family offices.
Global tax certainty
LLCs can be classified as corporations in non-US jurisdictions, creating double taxation risk. Delaware LPs are universally recognised as partnerships. Your international investors get clean pass-through treatment everywhere.
International, multi-currency
Dedicated bank accounts in USD, GBP, or EUR. Run your deal in the currency that works for your investors. No restrictions on geography, no restrictions on asset class.
benefits
We handle everything. You focus on deals.
Every Odin deal gets a dedicated account manager and a guaranteed response within 24 hours on business days.
Entity formation & registered agent
Ongoing state filings & compliance
Series LP bank accounts (USD, GBP, EUR)
K-1 preparation & delivery (US investors)
Limited Partnership Agreement & subscription documents
FATCA & CRS reporting (international investors)
Investor onboarding, KYC & AML
Investor communications & reporting
Carry administration & side letters
Distribution & waterfall calculations
Built for managers who think globally
Regulated fund managers
UK, EU or other internationally regulated managers who need an institutional US vehicle for cross-border or local deals. Our LP structure is recognised in every major jurisdiction.
Exempt Reporting Advisors
US-based managers operating under the ERA exemption who need a compliant, professionally administered LP structure. We support both 3(c)(1) and 3(c)(7) exemptions, flexible per deal.
Deal by Deal Sponsors
Operators building a track record deal by deal who want institutional infrastructure from day one. Same structure the top funds use, without the overhead.
How the LP structure compares
Feature
LLC Platforms
Odin (Delaware LP)
Structure
Series LLC
Series Limited Partnership
Institutional familiarity
Common for small syndicates
Standard for VC funds globally
Non-US LP tax treatment
Risk of corporate classification and double taxation
Universally recognised as a partnership
Case law depth
Newer construct with limited precedent
Decades of established Delaware LP case law
GP/LP fiduciary framework
Manager/member structure, less established
Clear GP/LP separation with deep precedent
Multi-currency bank accounts
✗
✓
Investment geography
Varies by platform
No restrictions
Asset class flexibility
Primarily startup equity
Any private asset
Turnaround time
Hours to days
Same-day setup
Dedicated account manager
✗
✓
FATCA/CRS reporting
Varies
✓
Platform carry
None
None
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pricing
One-time pricing. Full-service administration.
No platform carry. No annual renewals. Everything included.
From$6,000
Flat percentage of capital raised, with an agreed cap.
Frequently asked questions
A Limited Partnership is the standard vehicle used by institutional VC and PE funds worldwide. LLCs are simpler to set up but can create tax problems for non-US investors, because some foreign jurisdictions classify LLCs as corporations rather than partnerships. This can result in double taxation with no remedy. Our Delaware LP eliminates that risk entirely.
Same day. Tell us about your deal and we'll have your Series LP formed, bank account opened, and legal documents ready within hours.
Yes. There are no restrictions on investment geography or asset class. Our structure supports primary investments, secondaries, feeder funds, acquisitions, search funds, and any other private markets asset globally.
USD, GBP, and EUR. We can set up dedicated bank accounts denominated in each currency, or accept wires in multiple currencies with conversion, depending on your deal needs.
Yes. We prepare and deliver K-1s for US investors and handle FATCA and CRS reporting for international investors. All ongoing compliance and state filings are included.
Flexible. We support both 3(c)(1) (up to 100 investors) and 3(c)(7) (up to 250 qualified purchasers) exemptions under the Investment Company Act. The right structure depends on your deal and investor base.
No. We charge a one-time administration fee (limited recurring fees for more complex deals with more extensive ongoing administration). No platform carry, no annual renewals, no hidden fees.
Yes. Our LP structure supports custom carry arrangements, side letters, and per-investor fee structures.
Get in touch
Tell us about your deal. We'll get back to you within 24 hours on business days.
Same-day setup