Some of what follows is already possible. Some is where we believe the market is heading, and where we’re focusing at aama.io — we’ve marked which is which. This is the third post in a series; the first covered the seven problems and the second covered how to fix them.
Will investors soon see through every layer of an SPV?
We think so. The pressure is coming from every direction. Large issuers are pushing back on unauthorized, fee-heavy vehicles. The message is simple: know who’s behind the vehicle. Expect LPs to ask for the underlying share count, effective price after fees, and evidence the shares exist.
Our direction: look-through views inside the LP portal.
Will fees become as readable as a receipt?
They should. A per-investor statement showing gross return, management fee, carry, expenses and net return, generated automatically, will move from “nice to have” to “expected.” Transparent fees earn more trust than cheap ones.
Our direction: gross-to-net statements built from the same waterfall engine that calculates distributions.
Will tax stop being a year-end scramble?
It can. As administration and tax preparation share one live dataset, preparation starts earlier and handoffs shrink.
Our direction: tax-ready data from day one, reviewed by a qualified preparer, so K-1 season — and Singapore audit season — stops surprising you.
Will spreadsheets finally disappear?
For most SPVs, yes, though the change will be gradual. Spreadsheets fade once one connected record holds investors, cash, books and reports. And the AI that helps will need to be auditable: LPs increasingly want managers to show that technology improves speed, transparency, customization and infrastructure, not just lead with an AI copilot.
Our rule for AI is simple: a human can always see what it did and why. If it can’t be traced, it shouldn’t touch the books.
Will LPs get reports on demand?
More and more, and in their format, not yours. Roughly three in four LPs want performance data daily or on demand. Expect self-service dashboards and exports shaped around each institution’s mandate.
Our direction: configurable reporting on top of clean data, so a custom request stops meaning a custom project.
Will admin agreements get clearer?
They’ll have to. Data portability and named responsibilities are becoming reasons to choose a provider. We expect “can I take my data with me?” to be asked at the first meeting.
Our direction: plain-language responsibility splits and full export as standard.
What about tokenized SPVs and new structures?
Vendors are already promoting tokenized SPVs, fully automated formation and management, global investor participation and integrated fund administration. We’re watching, without rushing. New wrappers only help if the compliance, accounting and investor reporting behind them work — structure is the easy part, operations decide whether it holds up.
Why does Asia matter here?
Singapore’s VCC keeps growing — one consultancy estimate put it at roughly 1,300 VCCs hosting more than 2,400 sub-funds by early 2026, with family offices pairing tax incentives with VCC umbrellas. The same estimate noted that India and Indonesia continue to scrutinize the substance of VCC sub-funds claiming treaty benefits. That means multi-currency books, sub-fund separation and clear evidence trails matter more here than in most markets. We’re building for that first, not last.
How can I prepare today?
- Put every investor, transaction and document into one system.
- Ask any provider the questions from our last post.
- Give LPs a portal instead of a PDF.
- Write your fee story down before an LP asks for it.
- Choose advice before structure, not after.
This article reflects our current product direction as of publication and general market observation, not a commitment or timeline for specific features, and not legal, tax or investment advice.
Want to see where the platform is headed on your own structure? Explore aama.io’s SPV administration, or talk to our team.
