$10/month per SPV on Family & Team plans • Unlimited members • Member accounts are free • Import your bank history in minutes
The problem
Pooling checks with friends or family to get into a deal is the fun part. Then come the wires to chase, the spreadsheet ledger only you understand, the "what's my share worth?" texts, and the March scramble to email everyone their K-1. SPV administration platforms charge thousands per vehicle for formation and full fund admin, which is overkill for a small special purpose vehicle or syndicate that already exists. So you do it by hand instead.
How it works
Record member funding, investments, distributions, expenses and valuations in a simple journal, or import years of history straight from a bank export. Pinion suggests the type, member and category for every row.
Enter the total; Pinion splits it pro-rata to the cent and emails each member their personal notice, including how much is invested versus covering SPV expenses. Track every wire against the call until it's fully funded.
Members get free Pinion accounts. Their share of contributions, value and distributions appears as a position in their own portfolio, kept up to date from your ledger. They see their slice, never the whole ledger.
For your members
It works the same whether your members are college friends, siblings, or a family office pooling the household into one vehicle. Each member's portfolio shows a managed position with their pro-rata contributions, current value, distributions received, and every capital call: what was expected, what they've funded, what's outstanding. Documents you share (the operating agreement, statements, updates from the investment, their K-1) sit right on the position, grouped by tax year. No more forwarding PDFs.
Everything an SPV needs
Upload a CSV from Chase or most banks. Re-importing is safe: rows already recorded are skipped automatically.
Share with all members or one member only. K-1s stay private to their recipient; everything is grouped by tax year with optional email notifications.
Gross MOIC for the deal, Net TVPI and DPI for your members, with expenses included, so the numbers mean what they say.
Your percentage of every investment, distribution and valuation flows onto your own portfolio position automatically. No double entry.
One spreadsheet per calendar year with every journal entry, categorized and ready for your CPA in January.
The $10/month is posted to the SPV's own journal as an expense automatically, so even our fee is accounted for.
Pricing
Friendly SPV is SPV bookkeeping and tracking software for vehicles that already exist, not a formation service. It's an add-on to Pinion's Family ($4.95/mo) and Team ($19.95/mo) plans, prorated on your existing subscription. Unlimited members per SPV, unlimited history, cancel anytime; your ledger becomes read-only, never deleted. See all Pinion pricing →
Raising a round from many small checks? Friendly SPV for founders shows how to land them as one cap-table line.
A special purpose vehicle (SPV) is a legal entity, usually an LLC, created to pool money from several investors into a single investment, such as one startup or one fund position. Each member owns a percentage of the SPV, and one person (the manager) runs it: collecting capital, signing documents, keeping records, and passing through distributions and tax forms like Schedule K-1s. Friendly SPV is the record-keeping side of that job.
Friendly SPV is Pinion's simple SPV management feature: a light ledger for a special purpose vehicle you run for friends or co-investors. It tracks the entity's activity (member funding, investments, distributions, expenses, valuations), issues pro-rata capital calls, shares documents like K-1s, and mirrors your share of everything onto your own portfolio automatically.
Very well. A family LLC that pools parents and adult children into deals is structurally identical to a friends SPV: one manager, percentage ownership, capital in, distributions and K-1s out. Each family member sees their own share in their own free account, the family's accountant can be added as a read-only viewer, and the tax-year export keeps the household's filings tidy. Many of our early SPVs are exactly this shape.
No. Members get free Pinion accounts. When you invite them, Pinion creates (or links) a position in their portfolio that shows their pro-rata share: contributions, capital calls, current value, distributions, and the documents you share with them. You pay $10/month per SPV; members pay nothing, and there's no limit on the number of members.
You enter the total and the call date; Pinion splits it pro-rata across members (to the cent) and can email each member their personal notice: their share, what portion is being invested versus covering SPV expenses, and your memo, with replies coming straight to you. As wires arrive you record them against the call, so you always know who's funded and what's outstanding.
Yes. Upload documents once and choose the audience: shared with every member (operating agreement, statements, updates from the investment) or one member only (their Schedule K-1). Files are grouped by tax year, members can be notified by email, and each member can only ever open documents shared with everyone or addressed to them.
Yes. Upload a bank export (CSV; Chase and most banks work) and Pinion suggests a type, member and category for each row. You review, adjust, and import. Re-importing the same file is safe: rows that are already recorded are skipped automatically. A year-end export gives your accountant everything for tax prep in one spreadsheet.
No. Pinion keeps a clean ledger and hands your accountant a tidy tax-year export; your CPA produces the K-1s, and you distribute them to members through Pinion's document sharing. Friendly SPV is record-keeping and member communication, not accounting software, tax preparation, or legal advice.