What is the 90-day holding period, and why does it matter?

For a sale, the transferor (the original LP) must have held the interest for at least 90 days before the effective date. This is required to remain compliant with securities laws.

The 90 days start on:

• The SPV's closing date, if the transferor is the original investor.
• The previous transfer's effective date, if the interest changed hands before.

A sale under 90 days goes to Sydecar for review before the transfer agreement is created. To avoid the review, set the effective date to at least the 91st day.

Still have questions? Contact our Deal Operations team at operations@sydecar.io