We use a United Kingdom Bare Trust to administer your investments.This structure works for investments anywhere in the world, and investors anywhere.

This means a non-operating subsidiary of Join Odin Limited holds your shares in custody. You, as investor, sign some terms and conditions with Odin and a declaration of trust with this non-operating subsidiary. However, you remain the beneficial owner of the underlying assets. This means that this is not, strictly speaking, a fund vehicle.

It is completely tax transparent, and in a liquidity event you, as beneficial owner of the shares, pay tax wherever you are tax resident. You do not have any UK tax liability.

The specific terms of investments in a deal, including things like carried interest payable to the lead, are outlined in a side-agreement for each deal. It also specifies governance and other rights.