Practice

Venture Capital Fund Formation

Sophisticated counsel for venture capital fund formation

We provide sound, pragmatic counsel to established managers with $100 billion in AUM to startup managers with as little as $10 million at launch. Our robust platform affords us insight into market terms, structures and practices for fund formation.

Our team of attorneys helps fund sponsors efficiently navigate through every step of the fund formation process from drafting through regulatory disclosures. Our complementary active investor-side practice reviewing private fund documentation for institutional investors and managers of managers provides us with deep market intelligence and insights into investor concerns.

In addition to fund formation work, we advise fund sponsors on all other aspects of their businesses, including structuring manager and general partner vehicles, seed financings, carried interest and other compensation, employment, governance, succession, placement agreements, subscription credit facilities, and regulatory and compliance matters, including SEC examinations. We also have significant experience advising non-U.S. fund managers on U.S. regulatory and tax issues, and the marketing of private funds in the U.S. 

Areas of Focus

Our attorneys specialize in venture capital fund formation matters, such as: 
  • fundamental structuring determinations
  • drafting disclosure
  • subscription documentation
  • fund agreements
  • negotiating side letters
  • satisfying regulatory exemptions under the Investment Company Act, Investment Advisors Act, ERISA, Commodities Exchange Act, CFIUS and others.