Sponsors raising from international LPs in growth markets
SPVs for emerging market LPs
Open up Delaware SPVs to LPs in markets other SPV platforms can't serve.
The problem
Traditional SPV providers route every wire through US correspondent banking, which excludes LPs who hold local currency in Brazil, Mexico, the UAE, Nigeria, Kenya, India, Indonesia, or the Philippines. The result: sponsors miss meaningful LP capital and friction kills commitments before they fund.
How RocketBook handles it
RocketBook accepts LP funding in major and emerging-market currencies — across LATAM, MENA, Africa, and Southeast Asia — converts at a transparently-quoted FX rate, and posts USD-equivalent commitments to the SPV ledger. KYC and AML run automatically through providers with coverage in every supported jurisdiction.
Workflow
- 1
LP picks their currency
Before committing, the LP sees a live FX preview from their local currency to the SPV's USD base. No surprises at settlement.
- 2
Local-currency funding
The LP wires in their own currency via local rails or supported digital channels. RocketBook handles the conversion.
- 3
Compliance done automatically
KYC, AML, sanctions screening, and beneficial ownership checks run through providers with global coverage. Sponsor sees a unified status board.
- 4
Sponsor sees USD-clean books
Every commitment is posted to the SPV ledger in USD. The sponsor never needs to manage multi-currency accounting.
What you get
- LATAM, MENA, Africa, Southeast Asia LP coverage
- Transparent FX spread quoted before commit
- KYC/AML across 100+ countries
- USD-base SPV ledger; LPs fund in their own currency
Frequently asked questions
Which currencies do you support?
RocketBook supports major currencies (USD, EUR, GBP) plus emerging-market currencies across LATAM, MENA, Africa, and Southeast Asia. Specific currency support depends on the LP's banking jurisdiction; contact us for the live list.
How is the FX spread calculated?
Spreads are quoted on the deal page before the LP commits, expressed as basis points over mid-market. Sponsors see the same number — there are no hidden margins.
Do non-US LPs receive a K-1?
Yes. Non-US LPs receive a K-1 reflecting their share of partnership income, plus a 1042-S where US withholding applies. Many sponsors pair Delaware SPVs with a Cayman feeder for non-US LPs to simplify cross-border tax — RocketBook supports both structures.
Related glossary terms
Ready to talk through your SPV?
Book a demo and we'll walk you through how RocketBook fits your deal flow.