My Deal Lead has informed me they’re doing a ‘rolling close’. What does this mean?
The term ‘rolling close’ refers to a situation where the investee company wants to draw funds from the SPV, but the deal is being kept open by the deal lead for further investment.
If you’ve already wired your funds to the SPV and a rolling close happens, Odin will wire your investment to the investee company, along with the other funds in the SPV. You won’t receive your proof of investment documents, and won’t be able to claim tax relief, until the deal lead has closed the deal fully.