Emerging Fund / SPV Insurance Program

Protect your growing investment fund with comprehensive, affordable insurance coverage tailored specifically for emerging funds and SPVs.

Protect Your Fund

Emerging Funds

eSpecialty offers an Emerging Fund and Special Purpose Vehicle (SPV) insurance program for venture capital, private equity, and real estate funds with $100 million AUM (assets under management) or less.

This program offers Errors & Omissions (E&O) and Directors & Officers (D&O) insurance on a combined form tailored explicitly for emerging funds and SPVs. It utilizes a streamlined onboarding process and delivers pricing that is scale-appropriate.

Emerging Funds & Special Purpose Vehicles (SPVs)

While emerging funds can take many forms, they are generally venture capital, private equity, and real estate funds that have one or more of the following characteristics:

First, second, or third funds raised by management team
Limited track record as an institutional investor
Founded by experienced professionals or successful entrepreneurs
May still be establishing their brand and investor network
Typically has 2-5 investment professionals

Special Purpose Vehicles

An SPV is a separate legal entity designed to isolate financial risk and enable pooled investments in specific projects or business activities.

The use of an SPV can streamline the investment process and simplify cap tables. The size and investment focus of SPVs can vary widely, as can their structure and governance.

Highlights

Streamlined Onboarding

Simplified and efficient onboarding process, eliminating unnecessary complexity for emerging funds and SPVs.

Scale-Appropriate Pricing

Pricing matching the scale and stage for emerging investment funds and SPVs – below the minimum pricing offered by competitors.

Comprehensive Protection

Robust Errors & Omissions (E&O) and Directors & Officers (D&O) insurance to safeguard against the risks of today's investment landscape.

Additional Essential Coverages

Fund insurance is not the only essential coverage for emerging funds & SPVs – other coverages are available and include:

Cyber Insurance

Protects against data breaches, ransomware attacks, fraudulent funds transfer (FFT) incidents, and related liabilities.

Crime/ERISA Bonds

Crime covers theft of funds, and any organization responsible for large sums has a need. Some funds may be required to procure an ERISA bond.

Employment Practices Liability (EPL)

Covers employment-related claims and is particularly important for funds with multiple partners and employees.

Standard Coverages

General Liability (GL), Workers' Compensation (WC), and other standard insurance coverages are necessary as funds grow.

Why Choose eSpecialty?

Expertise

Our experience in specialty insurance markets ensures competitive coverage solutions.

Access

Effective placement of specialty insurance requires experience and access to specialized underwriters.

Reliability

We will find solutions for all your unusual, complex or challenging insurance exposures.

Ready to protect your fund? Contact us at [email protected] to get started with tailored coverage that fits your needs.

Note: Insurance policies are not all the same. Some policies are more comprehensive than others, and some policies provide broader coverage in specific areas. In addition, each insured may have different exposures and coverage needs. We encourage you to read your policy and consult with an insurance expert such as eSpecialty Insurance.