Sponsors organizing direct secondary purchases of private stock
SPVs for secondaries
Pool LP capital into a single SPV to acquire secondary positions cleanly.
The problem
Direct secondaries usually have tight deadlines (ROFR windows, transfer approval timelines) and irregular LP fits. Organizing 10-25 LPs into a clean acquisition vehicle in two weeks is operationally brutal.
How RocketBook handles it
Launch a Delaware SPV in two business days, run the full LP onboarding and funding flow in parallel, and have a single signature line ready when the seller is. RocketBook handles the cap-table and capital-account work post-close.
Workflow
- 1
Spin up the SPV against the target window
Two business days from approval to a live deal page with your fee structure and target allocation.
- 2
Fund in parallel, not in series
LPs commit, KYC, and wire on their own timeline within the close window — RocketBook tracks who's blocking close.
- 3
Single wire to the seller
At close, the aggregated capital ships as one wire from the SPV bank account to the seller's escrow.
- 4
Clean ongoing administration
Capital accounts, K-1s, and any distribution events are handled by fund admin partners through the platform.
What you get
- Two-day SPV launch for time-sensitive secondary windows
- Parallel LP onboarding and KYC
- Single aggregated wire to the seller
- Built-in capital-account and K-1 workflows post-close
Frequently asked questions
Can the SPV hold preferred stock with transfer restrictions?
Yes. The SPV is the legal holder of record; transfer restrictions on the underlying issuer flow to the SPV. LP interests in the SPV are governed by the operating agreement, with separate transfer rules.
Related glossary terms
Ready to talk through your SPV?
Book a demo and we'll walk you through how RocketBook fits your deal flow.