This is a common and important question. Here's how your investments are protected even if Wealt as a company ceases to operate.
SPVs are legally separate from Wealt. Each investment is made through a standalone SPV - a separate legal entity. Wealt manages these SPVs, but it doesn't own the underlying assets. Even if Wealt shuts down:
The SPVs continue to exist as legal entities
Your ownership stake in each SPV remains valid
The shares held by the SPV in portfolio companies are unaffected
What would happen in practice?
Successor administrator: The SPV operating agreements include provisions for appointing a successor administrator. A qualified third party (typically a fund administration firm) would take over management responsibilities.
Ongoing obligations: The successor would handle distributions, tax filings (K-1s), and communication with portfolio companies.
Exit events: If a portfolio company exits (IPO, acquisition), the successor administrator would process distributions to SPV investors.
Your documents are yours: Signed agreements and documents in your Vault would remain accessible through the successor or could be provided to you directly.
Why this matters: Platform risk is a legitimate concern with any financial technology company. The SPV structure is specifically designed to separate your investment from platform risk. Your legal ownership exists independently of Wealt's operations.