
Purpose: Pool investors for larger checks
Structure:
Vertex Foundation (Manager)
↓
Project SPV (Cayman/Delaware/Singapore)
Multiple investors → Single entity
$500K-$2M typical size
↓
Target ProjectDetails:
1 SPV = 1 project
Management fee: 2% annually
Carry: 20% above an 8% hurdle
Minimum: $50K per LP
Range: $100K–$500K
Capital sources: Regional family offices, Islamic funds
Value adds: MENA regulatory guidance, Sharia compliance, regional exchanges
Range: $250K–$1M
Capital sources: Institutional investors, banks
Value adds: Asian exchanges, KOL network, gaming guilds, corporate partnerships
Regulatory focus: Singapore MAS, Hong Kong SFC, Japan FSA, Korea banking