Capital Structuring

Funds & SPVs

We advise on the design, structuring and governance of investment funds and special purpose vehicles — from inception through to ongoing reporting and wind-down. Built for institutional clarity and investor confidence.

Fund & SPV Advisory

  • Fund structure type selection (LP, LLC, Unit Trust)
  • SPV design for project or asset isolation
  • Jurisdiction selection for fund domicile
  • Investor admission & subscription framework
  • GP/LP governance and fee structure advisory
  • Regulatory registration guidance
What We Deliver

Our Advisory Services

Fund Structure Selection

Advisory on the right fund vehicle — Limited Partnership, LLC, Unit Trust or Corporate — based on your investor base, asset class, jurisdiction and tax objectives.

SPV Architecture

Purpose-built SPVs for deal-by-deal co-investment, project finance, asset ring-fencing or regulatory isolation — each designed with clear entry, governance and exit provisions.

Investor Admission Framework

Subscription process design, investor eligibility criteria, capital call mechanics and side letter advisory — ensuring a clean and compliant investor on-boarding process.

GP/LP Governance Design

Partnership agreement advisory, GP authority scope, LP protections, carried interest mechanics and management fee structures — documented for institutional investor confidence.

Fund Documentation Review

LP agreement review, PPM advisory, subscription document assessment and regulatory disclosure requirements — ensuring your documentation meets institutional standards.

Regulatory Registration Guidance

We guide fund managers through registration and notification requirements across ADGM, DFSA, FCA, SEC and ESMA-equivalent frameworks.

Our Approach

Built for Real Outcomes

Fund and SPV structures must serve two masters simultaneously: the legal/regulatory requirements of the jurisdiction and the commercial expectations of investors.

We sit at the intersection of both — designing structures that are compliant without being overcomplicated, and investor-friendly without sacrificing governance discipline.

Common Fund Structures We Advise On

  • Cayman Islands Exempted LP — preferred for global PE/VC
  • Luxembourg SCSp — optimal for EU investor base
  • ADGM Fund — for MENA-based managers under FSRA
  • BVI Fund — cost-efficient for smaller mandates
  • Delaware LLC — for US-connected strategies

Engagement Triggers

  • First-time fund managers seeking structure
  • Existing fund requiring restructure or SPV addition
  • Family office setting up co-investment platform
  • Real estate fund with multi-asset SPV requirements

What You Receive

  • Structure type recommendation memo
  • Jurisdiction comparison with rationale
  • LP/SPV governance framework document
  • Investor admission process design
  • Regulatory registration roadmap
ADGM
DFSA-regulated fund advisory capability
LP
Primary structure for most PE/VC mandates
3+
Fund domicile options compared per mandate
100%
Advisory-only — no custody or execution
Process

How We Work

01

Mandate & Scope

We document your investor base, asset class, target size and jurisdiction requirements.

02

Structure Design

We recommend the optimal fund/SPV vehicle with jurisdiction rationale.

03

Documentation

We advise on LP agreement, PPM and subscription document requirements.

04

Regulatory Pathway

We map the registration or notification pathway and coordinate with specialists.

Common Questions

Frequently Asked

A registered fund has been formally approved or licensed by the relevant regulator and can be marketed to a broader investor base. An unregistered fund typically operates under an exemption and is restricted to specific investor types such as professional or qualified investors.
No — GACM is an advisory firm. We do not act as general partner, fund manager or investment adviser. Our role is to design the structure and advise on governance.
A simple Cayman LP with experienced counsel can be established in 4–8 weeks. More regulated structures (ADGM, FCA-regulated) typically take 3–6 months including regulatory review.

Ready to Structure Your Fund or SPV?

Our Fund & SPV team advises on design, jurisdiction selection and governance — from first close to final distribution.