Meet the operating system for private markets

SPVs, unlocked.

AI-operated · human-approved · audit-ready

Pact OS runs the full SPV back office from formation to tax. That is how deals close in days, K-1s arrive by March 1, and every obligation stays current.

One operating system, for the full life of the deal

Agents do the work. People keep control.

01 / Administration

Nothing slips.

Filings drafted before they are due. Books ready before year-end. Licensed professionals sign.

02 / Transfers

LPs can leave.

Your LP finds a buyer. You approve. We handle the legal and tax workflow in about 10 business days.

03 / Track record

Proof, not PDFs.

Wires, entry prices, and distributions become a signed performance record you own and can export.

Pact OS

The back office, operating itself.

A coordinated team of agents forms the vehicle, opens the workflow, prepares documents, reconciles the ledger, watches every deadline, and assembles tax workpapers. Humans approve the moments that carry legal or financial consequence.

Pact Connect

The industry-first connector for LLMs.

Give your preferred AI a secure path into the SPV workflow. It can turn a conversation into a vehicle, connect it to the round, prepare LP onboarding, and report live status without another portal or duplicate data entry.

Permissioned · structured · fully auditable
“Create a $1.2M SPV for Meridian Robotics, connect it to the Series A, and invite the twelve investors in this allocation.”
Round terms structuredfrom source
SPV configuration preparedawaiting approval
Round and vehicle connectedsingle ledger
Investor invitations drafted12 recipients

Pricing that fits on one line.

The vehicle pays at close. No card, no carry, no success fee—and your first distribution is included.

Core US SPV

$3,500all-in · paid from the raise

Formation, banking, onboarding, filings, tax, reporting, and the full life of the vehicle.

Build your deal

Your total$3,500

Transfers $500 flat · dissolution $500 · extra closes have no deadline.

The unlock

Your LPs can actually leave.

The law bans unlimited trading, not transfers. Our documents and ledger enforce the IRS safe-harbor limits automatically. You bring the parties; we make the transfer clean.

01LP requests a transferParties set the price
02Lead reviews and approvesLimits checked automatically
03Pact completes the paperwork~10 days · $500 flat

Built to make the back office disappear.

Machines draft, deterministic code checks every figure, humans approve, and licensed CPAs sign.

Same dayDelaware entity and bank account
March 1K-1 delivery, tracked publicly
2 tapsYou and ops approve every wire

The unlocked box.

Same category, radically less friction. A simple view of the choices that matter over the life of the deal.

PlatformPriceCarryLP transfers
Pact$3,5000%$500 · lead-approved
AngelList$8,0005% of profitsProhibited
Sydecar$4,500–14,5000%Prohibited
Allocations$9,950–19,5000%Prohibited

Public list prices, mid-2026. Re-verify competitor claims before publishing.

The plain answers

Good questions.

Who pays the $3,500?

The vehicle. It is collected from the raise at close, like every other deal cost. Nothing comes from your card.

Can an AI actually create an SPV?

Through Pact Connect, a permissioned LLM can structure the round, prepare the vehicle, connect investors, and coordinate the workflow. Legal filings and money movement still stop at explicit human approval gates.

Are transfers really allowed?

Yes. The law prohibits unrestricted trading, not transfers. Every transfer needs a buyer, lead approval, and room inside the vehicle's annual legal limits. We process the trade; we are not a marketplace.

What if K-1s are late?

Delivery is targeted for March 1 and tracked publicly. The workflow starts long before tax season, so work does not pile up in April.

US and EU?

Delaware vehicles today; Luxembourg compartments are in pilot. The same dashboard supports both.

Your next deal, unlocked.

$3,500 all-in. Same-day formation. K-1s by March 1. Transfers when your LPs need them.

Talk to a founder