Legal Point Solutions/FUND FORMATION

Fund Formation

When forming private equity, venture, real estate or hedge funds onboarding investors (Limited Partners or LPs) is a time-consuming administrative task. Collecting copies of IDs, tax information, eligibility status as investor, and sharing information with general partners and/or fund administrators is a time consuming inefficient process without a software solution. Repeat LP's have to provide the same information every time they invest in a new fund. Software such as Anduin Transact, PassThrough and Fundformer address these painpoints. Some law firms have built their own solutions based on tools like Bryter and Neota Logic. Some of these internally developed tools go beyond onboarding and also cover side letter drafting and most favored nations clauses. This category only covers the specific solutions built for fundraising rather than generic low code tools.