Pricing
Flat prices. Nothing hidden.
Every plan below is priced under the platform it replaces and far under a law firm. Third-party fees, audit and tax are passed through at cost and quoted before you start.
Incubator Fund
For managers with a strategy and no track record yet. Trade your own capital inside a real fund entity so the numbers are auditable from day one.
- Delaware LP fund, LLC general partner, LLC management company, EINs, registered agent
- Incubator-form LPA (no outside investors)
- Brokerage account setup
- Converts to Emerging Fund later: add the PPM and filings, keep the track record ($5,000 conversion credit)
Emerging Fund
US investors, up to $5M AUM. The full launch, then the full back office every month.
- All three entities, EINs, registered agent
- PPM, LPA, subscription documents, investor questionnaire from independent fund counsel
- Form D, state blue-sky notices, exempt reporting adviser (Form ADV) filing, compliance manual
- Fund administration: NAV, capital accounts, investor statements, KYC/AML, up to 2 share classes
- Investor onboarding portal with e-signature
- Bank and brokerage account setup, up to 2 brokerages
Digital Asset Fund
Everything in Emerging Fund, with the pieces a crypto fund needs and most platforms charge extra for.
- Offering documents written for digital assets: custody risk, forks and airdrops, staking, valuation policy
- Qualified custodian onboarding: Coinbase Prime, Anchorage or BitGo
- Exchange account setup and wallet policy
- Spot-only funds aren't commodity pools; if you trade perps or futures we file the CFTC/NFA exemption
- Administration priced for daily-marked crypto positions
Cayman/BVI Mini-Master
For managers with US and non-US (or US tax-exempt) investors who need one book.
- Everything in Emerging Fund
- Cayman or BVI offshore feeder with master-feeder documents
- Onshore and offshore counsel of record
- Offshore registered office and directors coordinated (government and office fees at cost)
- Unlimited share classes and brokerages
Optional add-on
Standing counsel, $3,000 a month.
A fund lawyer on retainer, through independent counsel we engage for you. Cancel any time. Law firms bill the same work by the hour.
Drafts your contracts
Side letters, seed and founder-share deals, vendor and administrator agreements, employment and consulting contracts, NDAs.
Manages risk
Marketing-material review, Form ADV and Form D updates, qualified-client screening, state notice filings as investors come in, exam readiness.
Defends the fund
First response to investor disputes, regulator inquiries and vendor claims, with litigation counsel brought in at cost if it goes further.
Pass-through costs
What you'll pay others, quoted up front.
| Item | Typical range | When |
|---|---|---|
| Delaware filing fees and registered agent | $500 to $900 first year | Formation |
| Form D and state blue-sky notice fees | $0 to $1,500 per state | After first close |
| Cayman or BVI government, registered office and director fees | $8,000 to $20,000/yr | Offshore plans |
| Annual audit (required if you're an RIA; expected by most investors) | From $15,000 | Year end |
| Partnership tax return and K-1s | From $6,000 | Year end |
| Prime broker, custodian and bank | Usually no setup fee at emerging size | Launch |