What are the eligibility criteria for SPVs and funds on Meridian?

You can publish an eligible SPV or venture fund to Meridian from your vehicle's page on AngelList. Publishing runs through a short guided flow: set your listing details, choose your investor audience, then review and publish.

Eligibility criteria

SPVs:

  • The SPV was launched on AngelList in the last 30 days
  • The stage of the underlying company is seed or later
  • The SPV has at least one lead or co-investor listed in the Data Room
  • The closing date must not have passed

Funds:

  • Fund has had an initial close via AngelList
  • Fund has >=25% of AUM target committed via AngelList software
    • AUM target is fixed at fund launch and cannot be revised after the fund's first close
  • Fund must be within its investment period as defined by the LPA
  • Fund is not part of the rolling fund program
  • Fund's Data Room covers:
    • GP background (e.g., why founders choose to partner with your fund, how you source, etc.)
    • Fund focus (e.g., stage/sector focus, check size, target ownership, investment themes)
    • Key stats (e.g., cohort of portfolio, fund economics, etc.)
    • Why should investors care
    • A way for prospective LPs to schedule more time with the GP
    • Deck for prospective LPs to review

Meridian may revise these criteria at its discretion and may choose not to publish an opportunity even if it meets them.

 

 

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