Home / Solutions / ERAs & SPVs
Compliance for Emerging Managers, ERAs & SPVs
Exempt Reporting Adviser filings, SPV formation records, and lean fractional CCO coverage for emerging managers.
Where ERAs & SPVs compliance breaks down
ERA vs RIA analysis
Understanding when the private fund adviser exemption still applies and when to graduate to full registration.
SPV sprawl
Deal-by-deal SPVs with different LPs, side letters, and closings — tracked without dedicated ops staff.
Sub docs & AML/KYC
Accredited/qualified purchaser verification and AML checks without a full fund admin team.
Growth transitions
Clean move from ERA to RIA when AUM or fund count triggers full registration.
How FIN Group helps
FAQ
Do I qualify as an ERA?
Generally, private fund advisers with less than $150M in US private fund AUM (or solely venture capital fund advisers) qualify. We run the analysis and file Form ADV Part 1A as required.
Can you support one-off SPVs?
Yes — SPV formation records, sub docs, closing checklists, capital calls, and distributions on InvestPrep, priced per SPV or bundled.
When should I convert from ERA to RIA?
When you cross $150M in private fund AUM, take on non-VC/non-private-fund clients, or want to market more broadly. We handle the transition end-to-end.
Talk to a ERAs & SPVs specialist
Fractional CCO, filings, and technology — sized to your firm.