The New Standard: How SPV Fee Structures Have Shifted Since 2023

This proprietary data report analyzes how carry and management fee structures have shifted across thousands of SPVs on Sydecar's platform between 2023 and 2026. In the report, we cover:

• How the share of deals charging both carry and a management fee has been trending since 2023

• How fee structures vary by raise size, deal stage, and deal type

Use the benchmarks in this report to see where your fee structure stands relative to the market.