Shutdown date: December 8, 2026.
The Pulley Alternative for SPVs and Syndicates
Pulley will cease operations on December 8, 2026. If your SPVs, investor records and LP reporting live there, SPV Hub moves them over, reconciles every number, and keeps your K-1s and Form D filings on schedule.
- Built for SPVs, not just cap tables
- Delaware LLC formation included
- Migration handled for you
Are You a Pulley Customer Running SPVs? Start Here.
Pulley told customers it is ceasing all operations and has arranged an assisted migration to Carta. That route is built around company equity. If you invest through SPVs, you need a home built for vehicles, investors and tax reporting.
Syndicate leads
You run deal-by-deal SPVs and need capital calls, distributions and LP updates to keep working without a gap.
Fund managers
You manage several vehicles and need clean investor ledgers, Form D filings and audit-ready records.
Founders with SPVs
You consolidate investors into an SPV on your cap table and need the vehicle administered properly after Pulley closes.
Pulley vs SPV Hub: What Changes for Your SPVs
For venture investments, startup syndicates, and private deals, Delaware remains the industry standard due to its legal flexibility, predictable governance framework, and investor familiarity.
| What you need | Pulley | SPV Hub |
|---|---|---|
| Platform status | Shutting down December 8, 2026 | Operating, with SPV administration as the core product |
| Migration help | Assisted migration to Carta only | We import your Pulley exports and reconcile every investor and balance |
| New SPV formation | No longer available to new customers | Delaware LLC formation, operating agreement, and onboarding |
| K-1s and tax reporting | Not available after shutdown | K-1 continuity planned into the migration |
| Form D and Reg D filings | Not available after shutdown | 506(b) and 506(c) filings supported |
| LP communications | Not available after shutdown | Updates, notices, and distribution reporting |
How to Migrate From Pulley to SPV Hub
Migrate from Pulley to SPV Hub with a streamlined process that includes importing your Pulley data, reconciling investor records and balances, and setting up your SPV for continued administration.
Export from Pulley now
Download the cap table, stakeholder report and vesting details. Separately save signed agreements, board consents, investor documents and valuation reports, since documents are often not in the standard export.
Send us your SPV list
Entity names, investors, capital called, distributions and Form D status. We review it and reply with a plan.
We rebuild and reconcile
Your records are loaded and matched line by line against your operating agreement. Gaps are flagged before go-live.
Go live with no break for LPs
Reporting, K-1 timing and investor communications continue on SPV Hub.
What the Pulley Shutdown Means for SPVs and Investor Records
Pulley has named Carta as its exclusive transition partner and says it cannot help anyone move to a different provider. You are free to choose another platform, but you need to run the export and
reconciliation yourself.
That is the part we take off your plate.
For SPV managers and fund organizers, the risk is rarely the software. It is the paper trail: who invested what, on which date, under which operating agreement, and which K-1s and Form D filings went out.
Form a new SPV
Starting a fresh deal? We form the Delaware LLC, prepare the operating agreement, handle Form D and onboard investors for Reg D 506(b) or 506(c) raises.
Migrate an existing SPV
Already raised? We rebuild your investor ledger, capital contributions and distributions from your exports, then reconcile every line with you.
Ongoing fund administration
After the move, we keep it running: LP communications,
cap table updates, tax documents and K-1s, so nothing depends on a platform that is going away.
Checklist: What to Pull From Pulley Before December 8
Do this today, whichever provider you choose. Keep a copy outside any vendor system.
Current cap table and a full transaction history (issuances, transfers, exercises, corrections)
Investor list with legal names, entity types, addresses and tax IDs on file
Capital contribution and distribution records for each SPV
Signed operating agreements, subscription agreements and side letters
Form D filings and state blue sky notices
Prior-year K-1s and any 409A or valuation reports you rely on
Pending transactions that are still incomplete (open grants, transfers, wires)
Investor communications and any outstanding capital calls
- FAQs
Your Questions Answered
Is Pulley really shutting down?
Yes. Pulley’s notice says it will cease all operations and services on December 8, 2026.
What is the best Pulley alternative for SPVs?
If you run SPVs or syndicates, choose a provider built for SPV administration, covering Delaware LLC formation, investor records, K-1s, Form D filings and LP reporting. SPV Hub is built for exactly that.
Do I have to move to Carta?
No. Pulley arranged an assisted migration to Carta, but you can move your records to any provider.
What should I export from Pulley before December 8?
Export the cap table, stakeholder and vesting reports, and separately download signed agreements, board consents, investor documents and prior valuation reports.
Will switching break my K-1s or LP reporting?
Not if ownership, we reconcile capital contributions and distributions before go-live. We match your Pulley exports against your operating agreement and flag gaps first.
Can SPV Hub form a new SPV if I only need that?
Yes. We form Delaware LLC SPVs and handle onboarding, Form D and ongoing administration.