Skip to main content
Edit Page Style Guide Control Panel

Fund Formation

Forming an investment fund involves strategic and structural decisions that shape how the fund raises capital, deploys it and distributes returns. The documentation put in place at formation (e.g., partnership agreements, subscription documents, side letters, and compliance filings) sets the framework for everything that follows.

Getting the structure right from the start reduces friction when it matters most.

Fund Formation Services

We support fund formation matters including:

  • Venture Capital Funds — LP/GP structuring, carried interest, management company formation, and Investment Advisers Act compliance.

  • Private Equity Funds — Acquisition-focused fund structures, capital deployment mechanics, and investor rights frameworks.

  • Search Funds — Tailored structures for first-time fund managers acquiring operating businesses.

  • Real Estate Funds — Fund structures for real estate acquisition, development, and income strategies.

  • Portfolio Company Matters — Ongoing governance and investment documentation at the portfolio level.

Where Fund Structure Matters

Fund formation typically turns on a small set of decisions:

  • Management authority and investor consent rights

  • Carried interest, preferred returns, and distribution waterfalls

  • Regulatory classification and exemption strategy

  • Capital commitment structures and deployment mechanics

  • Side letter negotiations and MFN provisions

These decisions define how the fund operates over its lifecycle—and how disputes get resolved when they arise.

How We Approach Fund Formation

Fund structures should match the investment strategy—not overcomplicate it. We focus on documentation that is clear, proportionate to the fund's size and strategy, and built to support capital raising from the first close through final exit.

We work directly with emerging managers and established sponsors on structures they can operate and scale without unnecessary revision.

Start Here

If you are forming a venture capital, private equity, search, or real estate fund, book a consultation to discuss your structure and strategy.

Contact Us