By default, investing entities based outside of the US, Mexico and Canada may not invest:
- into SPVs that are investing in companies based in the same foreign country as that investing entity; or
- into funds focused on investing into companies based in that country.
If you have questions about these restrictions, please contact your account manager or firstname.lastname@example.org.
For example, a French investing entity may not invest in an SPV into a company based in France or a fund focused on investing in French portfolio companies.
Note: Regardless of where a company is incorporated, Canadian investing entities are subject to additional restrictions. For a Canadian investing entity to be eligible to invest into an SPV, the GP of that SPV must personally invest a minimum of $10k or 2% of the SPV’s total committed capital (whichever is lower). You can read more about these restrictions here.