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Start a Fund, Strategy by Strategy
Every guide covers the same ground for its strategy: the entity structure, the documents you need, typical fund terms, what LPs will ask, and what it costs — so you know exactly what launching looks like before you start.
How to Start a Real Estate Fund
What it actually takes to start a real estate investment fund: the three-entity structure, the documents, typical terms, Reg D options, and real costs.
How to Start a Private Equity Fund
What it takes to start a private equity fund: the three-entity structure, the offering documents, 2/20 economics, Reg D options, and real costs and timelines.
How to Start a Venture Capital Fund
What it takes to start a VC fund: the three-entity structure, the documents, why VC terms skip the preferred return, the ERA path, and real costs.
How to Start a Hedge Fund
What it takes to start a hedge fund: the open-end structure, high-water marks, the service stack LPs expect, Reg D options, and real costs and timelines.
How to Start a Private Credit Fund
What it takes to start a private credit fund: the three-entity structure, the documents, income-driven terms, Reg D options, and real costs and timelines.
How to Start a Crypto Fund
What it takes to start a crypto fund: the three-entity structure, custody realities, token classification, Reg D options, and honest costs and timelines.
Decisions Every First-Time Manager Faces
506(b) vs 506(c): Which Raise Fits Your Fund
506(b) vs 506(c) for fund managers: what each rule permits, the verification burden in practice, switching rules, and how the choice shows up in your documents.
Syndication vs Fund: Which Structure Fits Your Next Raise
Syndication or fund? Single-asset SPV vs blind-pool fund compared: investor psychology, economics, operational load, and when to graduate from one to the other.
How Much Does It Cost to Start a Fund?
Real numbers for starting a private fund: traditional formation runs $50k–$100k+ in legal alone. Line-by-line costs, what recurs annually, and what changes the math.
How a Private Fund Is Structured: GP, LP, and Management Company
The three-entity private fund structure explained: what the fund LP, GP LLC, and management company each do, why they're separate, and how money flows.
The Documents Every Private Fund Needs
Every private fund document explained in plain language: the PPM, LPA, subscription agreement, accredited investor certification, formation documents, and IMA.
Management Fee and Carry: Typical Terms by Fund Type
Typical management fees, carry, and preferred returns by fund type — real estate, PE, VC, hedge fund, private credit, crypto — and why the structures differ.
The First-Time Fund Manager's Guide to Launching
How first-time fund managers actually launch: proving the strategy, sizing the fund to your LP base, terms that close, the document step, and honest raise math.