Sydecar Fund+
Fund Administration for the next generation of emerging fund managers
All-in-one 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, Fund+ offers affordable pricing, personalized support, user-friendly design, and seamless co-investments in an all-in-one solution, making it the best option for emerging fund managers.
How the Structure Works
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.
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 for preferred partners.
Regulatory filings (Form D, Blue Sky) included.*
Other Considerations
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.
*Blue Sky fees capped at $1,500 and then passed through to investors.
Pricing
The Fund+ admin fee is variable based on your fund's size.
It can either be paid out of the fund itself or paid directly by you as the fund manager.
Pilot
of AUM
Emerging Manager
of AUM
Custom
Ad Hoc Fees
One-time Master LLC set up fee of $5,000.
$1,000 fee for distributions to fund investors (out of waterfall distribution; additional distributions are $500 per distribution.)
$1,000 one-time fee per qualifying investment for investments in non-U.S. target investments.
$2,500 one-time fee per qualifying investment for investments in pass-through entities.
Up to $1,500 in Blue Sky Fees per fund (over the life of the fund) are covered by the fund’s minimum fee.
Co-invest deals will be billed at the same rates as our SPV product: 2% of total funds raised by the co-invest SPV, $4,500 minimum/$12,500 maximum fee.
Fund+ Interactive Demo
Find out for yourself how our Fund+ product works with this interactive demo. Just provide your name and email address to access!