Fund Administration for the Next Generation of VCs
End-to-end fund formation and administration with Sydecar's Fund+
Sydecar’s Fund+ combines the stability of a committed capital fund with the flexibility of deal by deal investing. Built on Sydecar’s proprietary infrastructure, the Fund benefits from automated banking, compliance, contracts, tax, and reporting, making it the best option for the next generation of venture investors.
Scope of Services
Fund entity creation (self-managed Series LLC structure with a unique vehicle for each fund investment).
Off-the-shelf fund documents, including LLCA, subscription agreements, and compliance documents; drafted by best-in-class venture counsel.
Support for document customization, including side letters and custom provisions*.
Unique bank account created for your fund with real-time visibility into money movement.
Fully digital investor onboarding and closing process.
Flexible capital calls.
Customizable economics on a per-investor basis, with variable carry, management fees, and support for advanced carry structures (i.e. hurdle rates).
Streamlined compliance checks (KYC, AML, and accreditation).
Automated fund tax preparation and filings (Form 1065 and Schedule K-1s) supported by Sydecar’s General Ledger.
Quarterly or annual financial reporting and optional audit support for preferred partners.
Regulatory filings (Form D, Blue Sky) included.**
*Legal agreement customization supported by partner counsel for efficient representation when working with Sydecar.
**Blue Sky fees capped at $1,000 and then passed through to investors.
Sydecar’s streamlined fund structure involves two entities as opposed to the three entities required for a traditional venture fund. Sydecar creates the fund entity, while the fund manager is responsible for establishing the manager entity (sometimes referred to as the advisor, GP, or management company). The manager entity receives management fees and carried interest from the fund.
See how our clients are using Fund+
Read more about how Prota Ventures started from SPVs to a formalized, efficient fund.
See how a first-time fund manager found fund-market fit with Sydecar.