Start an investment fund to buy businesses or real estate.
An investment fund lets you raise once and buy several businesses or properties instead of raising deal by deal. Raises.com builds the fund: the LP or LLC structure, the private placement memorandum, the partnership or operating agreement, the subscription documents, the financial model and the data room, then introduces the capital. Founded 2019.
Fund or syndication
A syndication raises for one deal
One asset, one offering. Investors read the numbers on that single business or property and decide on that deal alone.
A fund raises for a strategy
Investors commit capital that you deploy across several acquisitions over time. You get more flexibility, and you need more documents plus a track record or a credible team and thesis.
If you have one deal under contract, structure the SPV. If you plan to buy more than one in the next 18 to 24 months, build the fund.
Funds we build
Private equity fund
Buy and operate several companies from one pool of capital. Investors own the fund, and the fund owns the companies.
Real estate fund
Several properties, one vehicle. You raise once, then buy as the right deals come in.
Search fund
Raise to find and buy one company. When the target is signed, you raise again to close it.
Roll-up fund
Buy several businesses in one industry and run them as one platform. Built for independent sponsors and acquisition entrepreneurs.
What the launch includes
- 01
Structure
The vehicle (LP, LLC or Delaware statutory trust) and the economics between the general partner and the limited partners.
- 02
Private placement memorandum
The offering document investors read before they commit: the strategy, the terms, the risks.
- 03
Limited partnership agreement or operating agreement
The contract that governs the fund: capital calls, distributions, fees, control and exits.
- 04
Subscription documents and investor questionnaire
How each investor commits capital and confirms they qualify to invest.
- 05
Side letter templates
Ready terms for anchor investors who ask for something the main agreement does not give everyone.
- 06
Financial model and data room
The projections investors test, and one organised place for every document they will ask to see.
- 07
Investor introductions
Once the fund is built, we introduce it to the capital.
Fund, SPV or search fund
| Vehicle | Capital use | Documents | Typical timeline | Fits when |
|---|---|---|---|---|
| Single-deal SPV / syndication | One named business or property | Operating agreement, offering document, subscription documents | Typically shorter than a fund, set by the deal's closing date | You have one deal under contract |
| Investment fund | Committed capital deployed across several acquisitions over time | PPM, LP or operating agreement, subscription documents, investor questionnaire, side letters | Structure and documents typically 4 to 8 weeks; the raise itself runs months | You plan to buy more than one in the next 18 to 24 months |
| Search fund | A first raise funds the search; a second raise closes the company | Search-phase documents, then acquisition documents once a target is signed | Two raises, typically separated by the search itself | You will buy and run one company and have not found it yet |
Three funds we built
Arch Capital: from deal-by-deal syndication to a $100 million fund
- Client
- Abdiel Louis, founder of Arch Capital, came to Raises.com.
- Before
- Seven syndicated deals and three exits, and every new transaction still started the capital clock from zero.
- After
- Eighteen months later the firm runs two funds: a $100 million Reg D vehicle and a Regulation A+ impact fund.
Tempest 22: from single hotel deals to a $50 million private equity fund
- Client
- William (Danny) Frye, CEO of Tempest 22, worked with us.
- Before
- One-off hotel acquisitions, with no fund-grade legal and financial architecture.
- After
- The firm launched its inaugural $50 million private equity fund. At publication it held $3 million AUM with $9 million under contract.
A $100 million triple net lease REIT, formed for about 48% less
- Client
- Chris Goodman came to Raises.com to form a triple net lease REIT.
- Before
- Formation cost was draining working capital, and he had no access to institutional distribution partners.
- After
- The $100M REIT offering was formed at about 48% below the traditional legal cost, plus a warm introduction to an investment bank closing over $25 billion a year.
Straight answers.
Straight answers for sponsors, syndicators and acquisition entrepreneurs deciding whether to raise once for several deals.
A syndication raises money for one specific deal, and investors underwrite that one asset. A fund raises committed capital for a strategy and deploys it across several acquisitions over time. A fund gives you more flexibility, and it needs more documents and a stronger case for the team behind it.
Most funds start at $5 to $10 million, because that is roughly where the fund can carry its own operating cost. Emerging managers can start smaller. The right size follows from the strategy and the deals you plan to buy.
The structure and documents typically take 4 to 8 weeks. The raise is a separate phase and runs for months, depending on your network and track record. Getting the documents right first is what lets the raise start cleanly.
A track record helps. First-time managers have launched funds with a clear thesis, a credible team and real access to investors. If you have closed syndications, those deals become the record the fund is built on.
The market standard is a management fee of around 2% on committed capital and 20% carried interest on profits above a hurdle. Structures vary with fund size, strategy and investor base. The terms are set in the partnership or operating agreement.
Rule 506(b) bars general solicitation and allows up to 35 non-accredited investors. Rule 506(c) lets you advertise, but every investor must be verified as accredited. Most first funds raising from a known network use 506(b).
Build the fund before you raise.
Tell an advisor what you plan to buy, and we map the structure, the documents and the raise around it.