# SPVs & Funds | Raziel Learn (page 3 of 3)

> Guides for LPs and syndicate investors on capital calls, distributions, fees, carry, waterfalls, TVPI, DPI and IRR across SPVs and funds.

Canonical: https://raziel.co/learn/category/spvs-funds/page/3

## Topics

- [Startups & SAFEs](https://raziel.co/learn/category/startups-safes): SAFEs, convertible notes, priced rounds, cap tables and the investor rights that come with them.
- [SPVs & Funds](https://raziel.co/learn/category/spvs-funds) (this page): Commitments, capital calls, distributions, fees, carry and fund performance for LPs and syndicate investors.
- [Exits & Liquidity](https://raziel.co/learn/category/exits-liquidity): M&A terms, escrows and earnouts, secondaries, tenders, lockups and Rule 144 after the exit.
- [Tax & Compliance](https://raziel.co/learn/category/tax-compliance): K-1s, QSBS, 83(b) elections, opportunity zones, trusts and the rules around private investing.
- [Comparisons](https://raziel.co/learn/category/comparisons): Side-by-side looks at portfolio trackers, investor platforms and the tools angels and LPs use.
- [Markets & Trends](https://raziel.co/learn/category/markets-trends): AltList weekly private markets recaps, sector themes and where alternative assets are heading.
- [Investing Basics](https://raziel.co/learn/category/investing-basics): Portfolio building, diversification, risk and the fundamentals of managing alternative assets.

## Articles

- [Cap Rate vs IRR vs Cash-on-Cash: Which Number to Trust on a Deal](https://raziel.co/learn/cap-rate-vs-irr-vs-cash-on-cash) (2026-08-21, SPVs & Funds, 4 min read): Cap rate vs IRR vs cash on cash: Wall Street Prep's cap rate is unlevered NOI divided by value. CoC is this year's cash. IRR needs the dated sale.
- [How to Track Capital Calls and Unfunded Commitments in 2026](https://raziel.co/learn/capital-call-tracking-guide) (2026-08-20, SPVs & Funds, 5 min read): Capital call tracking for LPs: log each notice as a cash-flow event. ILPA released CC&D Template v2.0 on Sep 11, 2025; first required delivery is Q1 2027.
- [Portfolio Management for VCs and Private Equity Firms](https://raziel.co/learn/vc-private-equity-portfolio-management) (2026-03-25, SPVs & Funds, 3 min read): Manage your VC and private equity portfolio with Raziel. Track IRR, MOIC, capital calls, and distributions across all fund investments.
- [Understanding Rolling Funds: A New Model for Angel Investing](https://raziel.co/learn/rolling-funds-angel-investing) (2025-04-09, SPVs & Funds, 2 min read): Explore how rolling funds are reshaping early-stage investing and offering new flexibility, access, and deal flow for modern angel investors.
- [The Role of Co-Investing Platforms in Startup Funding](https://raziel.co/learn/role-co-investing-platforms-startup-funding) (2025-03-13, SPVs & Funds, 5 min read): Co-investing platforms increase access to startup deals. Learn how investors use syndicates to diversify portfolios and access exclusive opportunities.
- [Hedge Fund Strategies: A Comprehensive Overview](https://raziel.co/learn/hedge-fund-strategies-overview) (2025-02-17, SPVs & Funds, 1 min read): Hedge funds use diverse strategies to manage risk and enhance returns. Learn about long-short, global macro, event-driven, and quant investing approaches.
- [Investing in Private Credit: A Deep Dive](https://raziel.co/learn/investing-private-credit-deep-dive) (2025-02-14, SPVs & Funds, 1 min read): Private credit offers diversification and yield. Learn how investors navigate risk, structure deals, and capitalize on opportunities in private lending.
- [Building a Syndicate: Co-investing with Other Angel Investors](https://raziel.co/learn/building-investment-syndicate) (2025-02-10, SPVs & Funds, 2 min read): Syndicates offer access to better startup deals and risk-sharing. Learn to structure co-investments, evaluate deals, and collaborate with experienced angels.
- [Investing in Venture Capital Funds](https://raziel.co/learn/investing-in-venture-capital-funds) (2025-01-28, SPVs & Funds, 4 min read): Explore the opportunities and risks of investing in venture capital funds, from portfolio diversification to high-growth potential.
- [Investing in Private Debt](https://raziel.co/learn/investing-in-private-debt) (2025-01-24, SPVs & Funds, 4 min read): Explore the benefits and risks of investing in private debt, from stable income generation to portfolio diversification strategies.
- [Hedge Fund Investing: Strategies and Considerations](https://raziel.co/learn/hedge-fund-investing-strategies-and-considerations) (2025-01-21, SPVs & Funds, 4 min read): Explore key hedge fund strategies, risk factors, and considerations to optimize portfolio performance and investment returns.
- [Understanding the Benefits of Private Equity Investments](https://raziel.co/learn/understanding-the-benefits-of-private-equity-investments) (2025-01-21, SPVs & Funds, 4 min read): Explore how private equity investments offer growth opportunities, portfolio diversification, and long-term wealth creation.

## Pages

[1](https://raziel.co/learn/category/spvs-funds) · [2](https://raziel.co/learn/category/spvs-funds/page/2) · [3](https://raziel.co/learn/category/spvs-funds/page/3)