FreePV

Today, Decile Group is proud to introduce FreePV, the world's first completely free SPV platform designed specifically for venture capital.

It may sound too good to be true, but the concept is more practical than you might think.

Here's what emerging managers actually face when they try to set up a straightforward SPV today.

AngelList charges a flat $8,000 setup fee per SPV, plus a $2,000 state regulatory filing fee. That's $10,000 before a single dollar has been wired. For smaller raises, those fees are capped at 10% of the total amount raised, meaning LPs absorb a significant portion of their investment in platform costs alone.

Allocations starts at $9,950 for a "Standard SPV" covering up to 35 investors. Additional LPs, staged capital calls, or non-VC asset classes all come at extra cost. Their premium tier runs up to $19,500 per vehicle, and that's before ongoing administration fees.

Sydecar advertises fees "starting at $4,500," but those can climb to $12,500. Investing into a pass-through entity like an LLC or LP adds another $2,500 surcharge on top of that.

And these are just the platform fees. Factor in legal review, tax preparation for K-1s, banking setup, and compliance costs, and a single SPV can easily run $15,000 to $20,000 all-in, for a vehicle that might only raise $250K.

In 2026, technology has transformed nearly every industry. Yet it still costs five figures to create a legal entity that pools a handful of investors into a single deal.

The reality is that most of the cost on SPV platforms comes from operational overhead that modern technology should have eliminated years ago. Document generation, investor onboarding, KYC/AML checks, cap table management: these are all solvable problems. Most platforms simply haven't invested in solving them efficiently, because fund managers have continued to absorb the fees.

At Decile Group, we asked ourselves a simple question: what if we removed every barrier? Not just lowered the costs, but removed them entirely.

FreePV is our answer.

The SPV market is overdue for change. Emerging managers are being squeezed by platform fees that eat into their raises, create confusion for LPs, and add no value to the underlying investment.

At Decile Group, we believe the best SPV solution shouldn't come with prohibitive costs. That's why our FreePV product already offers some of the most competitive and transparent pricing in the industry. No surprise upsells and no per-LP surcharges. Just a clean, straightforward way to get your deal done.

While a completely free SPV platform may still be aspirational, the mission behind it is one we take seriously. We're working every day to make fund formation more accessible for the next generation of venture capital managers.

To every fund manager out there building something extraordinary: Decile Group is here to support you.

Want to learn more about our SPV offering? Reach out below and our team will be in touch.