Plain answers to the questions fund managers actually ask.
Practical guidance on forming and structuring funds, raising capital, and deploying it — U.S. and cross-border. Educational only, never advice.
Carried interest, hurdle rates & the distribution waterfall
How managers get paid — the preferred return, the catch-up, and the 80/20 split — with a worked example you can follow dollar by dollar.
Read → Cross-borderDomestic fund, offshore investors: when you need a master-feeder
What changes the moment a foreign or tax-exempt investor wants in — and how the master-feeder structure solves it.
Read → Raising capital506(b) vs 506(c): which exemption should your fund use?
Two flavors of Regulation D, two very different fundraising playbooks. The advertising and verification rules that decide it.
Read → Fund structure3(c)(1) vs 3(c)(7): the exemption that caps your investors
The Investment Company Act choice that quietly limits who, and how many, can invest — and why it matters for hedge funds.
Read → Cross-borderFIRPTA: how foreign investors are taxed on U.S. real estate
The tax regime that shapes every cross-border real estate fund — and how blocker structures manage it.
Read → Fund formationWhat goes in a fund PPM (and the sections investors read)
The central disclosure document of your fund, section by section — and why the risk factors matter most.
Read → Cross-borderCayman vs BVI: choosing your offshore fund domicile
The institutional default versus the emerging-manager favorite — how to match the domicile to your money.
Read → Fund formationWhat it actually costs to launch your first fund
A clear-eyed breakdown of the real cost buckets — legal, offshore, service providers, and registration.
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