# An emerging manager’s guide to SPVs

## Learn how to close your first deal faster with a special purpose vehicle

Traditional fundraising for [private equity funds](/content/learn/private-funds/private-equity/index.html) is intricate, time-consuming, and often overwhelming. Between building relationships with [LPs](/content/learn/private-funds/structures/limited-partner/index.html), managing the legal setup, and maintaining compliance, it can take months to get your first fund off the ground.

[Special purpose vehicles](/content/learn/private-funds/structures/spv/index.html) are private equity’s lower-lift starter kit, allowing investors to pool capital for a single deal and build a [track record](/content/learn/private-funds/management/track-record/index.html)—without the complexity of a full fund.

Our free guide is designed to help emerging managers understand:

- What SPVs are and how they compare to traditional PE funds  
- The step-by-step process for setting up an SPV  
- SPV advantages, disadvantages, and tax implications

Download the guide today and start raising your first SPV.