Fund Formation Expertise
Fund Formation & Structuring
We form and structure venture capital, growth equity, and hybrid fund vehicles at all stages and sizes, from debut funds to scaled multi-fund platforms. Our work spans entity design, domicile selection, partnership economics, and organizational structuring tailored to the manager's strategy and LP base.
LP Agreements & Fund Terms
We draft and negotiate limited partnership agreements, LLC agreements, and side letters that define the core economics of the fund. This includes management fees, carried interest, GP clawback, preferred returns, distribution waterfalls, and MFN provisions.
GP Economics & Management Co.
We advise on management company formation, carry splits among principals, GP commitment structures, and key person economics. We focus on building incentive arrangements that align the sponsor team with LPs and hold up across future fundraises.
SPVs & Co-invest Vehicles
We structure special purpose vehicles and co-investment vehicles for deal-by-deal investments, co-invest allocations alongside flagship funds, and continuation transactions. Our work covers subscription mechanics, allocation policies, and coordination with existing fund documents
Emerging
Managers
We advise first-time and emerging fund managers on launching their initial vehicles, including fund structuring, regulatory setup, compliance framework design, Form D filings, and establishing institutional-quality governance from day one.
Governance & Ongoing Counsel
We advise on LPAC formation, key person provisions, investment restrictions, excuse and exclusion rights, and LP consent mechanics. Post-closing, we serve as outside counsel on follow-on investments, amendments, extensions, and wind-down.
Asto Consumer Partners
Redbud Brands
Tonic Ventures
Transpose Platform
Aro Ventures
Blue Crow Sports
W
Asto Consumer Partners Redbud Brands Tonic Ventures Transpose Platform Aro Ventures Blue Crow Sports W
Advised an emerging venture capital manager on the formation and closing of a debut fund, including LP negotiations, side letter terms, and regulatory filings.
Represented a growth equity sponsor in structuring a multi-vehicle fund platform with parallel funds, co-investment vehicles, and a dedicated GP entity.
Counseled a private equity fund manager on the negotiation of side letters with institutional limited partners across a fund raise exceeding $200 million.
Structured and launched a sector-focused SPV for a repeat sponsor, including investor onboarding, subscription documentation, and coordination with an existing flagship fund.
Advised a first-time fund manager on GP economics, LPAC terms, and compliance framework design in connection with a venture fund launch.
Represented institutional sponsors in structuring co-investment vehicles alongside flagship private equity and growth equity funds.
Counseled fund managers on amendment, term extension, and wind-down processes for existing fund vehicles.
We advise sponsors and managers across fund strategies including venture capital, growth equity, co-investment vehicles, and single-asset SPVs.
For illustrative purposes only.
Our lawyers have practiced at leading law firms including
KIRKLAND & ELLIS | LATHAM & WATKINS | COOLEY LLP | WILSON SONSINI
Prior employment of our attorneys. For illustrative purposes.