Investor pooling through a dedicated trust, without a separate company.
Pool your investors through a trust that holds the investment itself, doing the job of a special purpose vehicle (SPV). No company to incorporate, no articles to draft, no separate company to maintain year after year. The investment is executed and the asset is registered in the trustee’s name. Cash and asset under one roof, with investors onboarded from anywhere in the world.
A classic SPV means forming a company, drafting articles, maintaining it for years and winding it down at the end. Our structure does the same job through a trust agreement. Faster to set up, cheaper to run, nothing to liquidate when the investment exits.
No entity formation, no articles of association
Trust agreement defines members, rights and waterfall
No separate company to dissolve; the trust ends under its agreement after distributions and reporting are complete
True custody
We hold the cash and the asset. Both.
Avoid SPV arrangements in Israel that hold the money while the shares sit somewhere else. Here the underlying asset is registered in Psagot Equity’s name and the cash account and custody arrangements are managed within the same service framework. One trustee, one record, one audit trail.
Shares or securities registered in Psagot Equity’s name
Cash account held at the same house
Asset and cash never separated across providers
Four syndication structures, one vehicle
However your syndicate is built, the structure fits.
We support four common syndication structures: a group investing in a single target; an organizing entity syndicating investors across several targets; investors aggregated into one LP ticket in a fund, usually at the fund’s invitation; and co-investment syndicates organized by the fund itself alongside its own position.
Single-target syndication, or multi-target under one organizer
LP-ticket aggregation: many small tickets entering a fund as one
Fund-led co-investment vehicles alongside the fund’s position
Investors from anywhere
The most advanced investor onboarding in the market.
Syndicates are global. Your members might be an Israeli angel, a US fund, a European family office and a holding company, all in the same vehicle. PEaX onboards them in parallel, each through the flow their type requires, with KYC, FATCA and CRS handled per investor. Investment documents are signed digitally and filed per deal.
Parallel digital onboarding, wherever the investor is
Tailored flows for individuals, entities and funds
FATCA and CRS classification and reporting handled per participant
Transparent tax, controlled distribution
Predictable tax. Controlled payouts.
The tax treatment of the structure is reviewed in advance with tax advisers, based on the investment and the investors. Distributions follow the agreed entitlements and distribution terms.
Tax-transparent structure, documented before money moves
Distributions to investing members only, per the waterfall
Reporting at the SPV and member levels
How it works
From deal to exit waterfall.
01
Share the deal.
The purpose, the organizer and the member list; we confirm the structure and terms.
02
Trust executed, members onboarded.
Trust agreement executed. The trust is the vehicle, so there is no incorporation step. Members onboard in parallel through PEaX, from anywhere in the world.
03
Funds in, asset in custody.
Funds received, the investment executed, and the asset registered in the trustee’s name.
04
Ongoing documentation.
Holdings, reporting and distributions documented on PEaX, through to the exit waterfall.
FAQ
Common questions
Direct answers on investor pooling and the SPV trust.
Not with this structure. The trust itself is the vehicle: it pools the investors, holds the asset in the trustee’s name and distributes per the agreed waterfall. There is no entity to form, maintain or wind down.
What syndication structures does it support?
Four: a group investing in a single target; an organizing entity syndicating investors across several targets; investors aggregated into one LP ticket in a fund, usually at the fund’s invitation; and co-investment vehicles organized by the fund itself alongside its own position.
How is this different from a pooled group account?
The group account holds cash with per-investor tracking. The SPV trust also holds the asset itself, registered in the trustee’s name, which is what most share deals require.
Can foreign investors join an Israeli SPV?
Yes. Members onboard in parallel through PEaX wherever they are, with tailored flows for individuals, entities and funds, and FATCA and CRS classification and reporting handled per participant.
What happens at exit?
We run the waterfall and distribute the proceeds to the investing members, in the same house that held the asset. And because the vehicle is a trust, there is no entity left to liquidate.
Related accounts and services
The lighter and heavier structures
Investor Group Account
One pooled account with per-investor tracking, no trust layer.
