Series LLC and Insurance Dedicated Fund IDF Structure

A Series LLC is a modern entity structure allowing multiple independent divisions under one master LLC, each with separate assets and liabilities. First adopted in Delaware (1996), and now recognized by 17 states, Series LLCs simplify management and reduce filing requirements for businesses with multiple lines or assets. ▪ Insurance Dedicated Funds (IDFs) are commingled funds offered through Private Placement Life Insurance (PPLI) or Private Placement Variable Annuities (PPVA). Available to Accredited Investors and Qualified Purchasers, IDFs provide tax-deferred (and potentially tax-free) investment access to strategies that are otherwise tax-inefficient— benefiting both investors and asset managers.