Designed for family offices
investing in private funds.
boutique attention • elite quality • fully transparent fees
What we do, and what it costs:
LPA Review & Issues List $2,500
The core of your investment legal diligence. We review the operative fund document (whether a LPA or LLCA), summarize the key terms in plain english, tell you what’s off market, and flag any economic or legal risks.
Complete Diligence $4,000
LPA Review & Issues List service + We review the subscription agreement, private placement memo (or marketing deck), and due-diligence questionnaire, summarize the key terms in plain english and flag economic, legal or compliance risks. We’ll fill out the investor questionnaire and subscription agreement.
Side Letters $1,000 ($2,500 if complex or negotiated*)
We draft a custom side letter, or prepare a list of terms for fund counsel and review what they prepare. If necessary, we negotiate with the GP. This service includes MFN elections after closing.
Co-investments & SPVs $3,000
We review the LPA or LLCA and subscription agreement, summarize the key terms, tell you what’s off market, and flag any economic or legal risks. If connected to a blind-pool fund, we review the fund’s LPA for compliance.
Secondary Sales $5,000
Support for selling or purchasing an existing LP interest in a fund. We ensure compliance with LPA transfer provisions, handle GP consents, and draft the required transfer agreements. Does not include a legal opinion.
*Simple side letter clauses include fee reductions, LPAC seats or observer rights, standard ECI/UBTI covenants, and affiliate transfer provisions. Any additional clauses will be considered complex. We consider a side letter to be negotiated if either party returns comments or requests edits to the initial draft.