From one GP to another
I Stopped Using AngelList. My SPVs Fill 3x Faster Now.
I'm an emerging manager. I've done 12 SPVs in the last two years. The first 6 cost me $8K+ each just in setup. The last 6 were on Legion — live in days, filled with LPs who actually close.
Backed by institutional capital
Sound familiar?
Every emerging manager hits the same walls.
Sound familiar?
$8K+ before you've raised a dollar
AngelList wants $8K setup plus $2K blue sky. Allocations charges up to $19.5K. Half your small deals aren't even worth structuring at those prices.
Your LP base is too small or too passive
You've got the deal flow but not enough capital behind you. Cold outreach is compliance-sensitive. Most investors ghost you. The good ones are already locked into other networks.
Secondaries make you zero dollars
Your LPs want liquidity. You have zero incentive to help. It's manual, thankless work with no upside — so nobody gets liquidity.
Platforms fail. Your LPs pay the price.
Assure had 8,000+ SPVs and $13B under management. Went bankrupt in weeks. Your deals deserve infrastructure that won't disappear overnight.
Here's what changed for me
My last SPV was live in 3 days
Delaware LP, bank account, operating agreement, subscription docs — all done. I spent my time on the deal, not on paperwork.
100,000+ investors in the network
Legion's network is curated and reputation-scored. These aren't tire-kickers — they're verified allocators who fund on time and don't ghost.
Secondaries went from headache to revenue
Legion splits secondary trading fees with me. I approve every trade, set my own valuation bounds. What used to cost me time now makes me money.
Zero back-office work
Form D, blue sky filings, K-1s, Form 1065, franchise tax — Legion handles all of it. I just run my deals and close.
What managers are saying
“I put up a $500K SPV and it was fully subscribed in 48 hours — by investors I'd actually want on my cap table. That never happened on AngelList.”
Emerging Manager · Series A Consumer Tech SPV
Features
What You Actually Get
Not a pitch deck's worth of promises. Real infrastructure that works on day one.
SPV Formation in Days
Delaware LP SPVs, end-to-end. Certificate of Formation, EIN, bank account, operating agreement — you set the terms, we handle the rest. Live in days, not weeks.
The Largest Verified LP Network
100,000+ investors in the Legion network. Reputation-scored. You choose who gets in. No more explaining to your portfolio company why you brought in a random LP.
Earn From Every Secondary Trade
We split fees with you. Set min/max valuations, require your approval on every trade. Your SPV, your rules, your revenue stream.
Your Terms, Your Way
Carry, management fees, fund life, investor restrictions — fully customizable. Your operating agreement reflects your strategy, not ours.
Compliance on Autopilot
Form D, state blue sky filings, K-1 distribution, Form 1065, annual tax returns, ERISA monitoring — all handled. You never touch paperwork again.
Wire or USDC — You Pick
Accept wire/ACH or USDC from your LPs. Capital calls tracked and reconciled. Unallocated amounts refunded automatically.
Process
How It Works
Bring Your Deal
You've got the term sheet and the thesis. That's the hard part — and that's your job. Everything else is ours.
We Build Your SPV
Set your carry, fees, and terms. We handle Delaware formation, legal docs, bank account, and subscription agreements.
Fill It With Quality LPs
Invite your own investors or tap Legion's curated network. Every LP is verified and reputation-scored.
Close, Earn, Repeat
We close with the portfolio company, manage the back office, and you earn from carry and secondary trades.
Trust
Built for the Long Game
KYC-verified. Curated on both sides. Regulated infrastructure built to outlast the platforms that already failed.
Curated & Vetted
Every GP is vetted. Every LP is qualified. Both sides of the table are curated — not open to anyone with a wallet. The network quality is what makes the deals worth doing.
KYC/AML Verified
Every participant is identity-verified and reputation-scored. No anonymous wallets. No bad actors. The network quality is the product.
100+ Countries
Delaware LP SPVs open to qualified investors worldwide. One line on the cap table. The same legal structure VCs use — now accessible to you.
Your next SPV could be live this week.
I wish someone had told me about Legion two years and six painful SPVs ago. Stop overpaying. Stop chasing LPs. Start closing.