# Who manages an SPV and where to find the manager

> For the complete documentation index, see [llms.txt](/llms.txt).

For most new SPVs, the manager is Wefunder Admin, LLC, who then delegates voting decisions to the Lead Investor.

For legacy Reg D SPVs and those set up for specific purposes, such as investing in follow-on financings, the manager is Wefunder Advisors, LLC.

The manager of an SPV is disclosed in the Subscription Agreement that investors sign when they invest through an SPV.