Private Equity Fund Formation Checklist

Summary

This private equity fund formation checklist provides an overview of formation and structuring matters that should be considered prior to drafting a fund's organizational documents. Fund sponsors organize private equity funds to aggregate investors' capital to acquire and manage a pool of assets and then to harvest the investments over a period of years. In order to preserve their limited liability status, investors have almost no control over identifying, financing, making and exiting fund investments. These foundational understandings of the nature of private equity fund formation and investing are integral to the checklist, which also assumes the following: