How a venture fund is organized — GP entity, management company, limited partnership, carried interest structure, and LP capital commitments.
Key provisions in limited partnership agreements and how institutional LPs negotiate side letter accommodations, MFN rights, and co-invest rights.
How venture funds value private portfolio companies under ASC 820, ILPA guidance, and the practical methods used for LP reporting.
How sidecar funds and single-investment SPVs are structured to allow LPs to co-invest alongside the main fund in specific portfolio companies.
ERA filing obligations under the venture capital fund adviser exemption, the threshold for full SEC registration, and compliance at each level.
The Investment Company Act Section 3(c)(1) and 3(c)(7) exemptions, investor limits, and how fund managers structure funds to stay within them.
How hedge funds differ from venture funds in legal structure, investor eligibility standards, liquidity and redemption terms, and regulatory treatment.