What belongs in an SPV investor allocation schedule?

The allocation schedule is the bridge between investor expectations, subscription documents, capital accounts, and future distributions. For sponsors and administrators running single-deal vehicles, co-investments, and club deals, the practical answer is to treat the question as part of entity formation, subscription, investor onboarding, capital movement, tax records, reporting, and distributions, not as a one-off definition. The record should show formation documents, investor allocations, subscription status, KYC files, wire records, side letters, capital accounts, reports, and distribution notices so an investor, lender, counsel, administrator, or operating lead can reconstruct the decision later. Version the schedule whenever allocations change and reconcile it to signed documents, bank receipts, cap table records, and administrator records. The common failure mode is using a spreadsheet as the source of truth without matching it to legal documents or capital account entries.^1,2