ASSET & WEALTH · FUND STRUCTURES
Private Equity
Firm Framework
A closed-end vehicle outlives most of the people who launch it, so the terms, governance, and succession provisions agreed at formation are the ones that still govern the final exit. We build the platform to that horizon — limited partnership documentation, capital call and distribution mechanics, portfolio company governance, valuation policy, and investor reporting.
THE SPECIFICATION
Architecture & Audience
A private equity fund commits investors for a decade and cannot be restructured once it has closed. Waterfall mechanics, GP commitment, key-person provisions and clawback are agreed at formation and govern every distribution thereafter. This is the domain in which a drafting decision made in month two determines an outcome in year nine.
Investors formalizing a deal-by-deal record into a blind-pool fund; operators converting proprietary capital into a managed vehicle; and teams spinning out of an established house with a defined thesis.
What We Deliver
A complete architecture, designed, launched, and managed
We design the GP-LP structure — entity types, domicile, and ownership — that isolates liability and satisfies institutional LP requirements. The structure governs carry and succession for the fund life.
We draft the distribution waterfall and carried interest provisions that define how returns flow between GP and LP. Economics are benchmarked against market practice and negotiated to hold.
We structure the key-person clauses, LP advisory committee, and governance rights that institutional LPs require before committing capital. These terms are set at formation and are not easily amended.
We source and appoint a fund administrator and auditor with experience in the strategy and domicile. Provider selection is benchmarked against what institutional LPs expect to see.
We implement the capital call and distribution mechanics — notices, accounts, and settlement flows — that govern every cash movement across the fund life. The infrastructure is built to scale with additional closes.
We establish a defensible valuation methodology for private assets that satisfies your auditor, LPs, and regulators. The policy covers determination date, methodology selection, and override governance.
We implement the investor verification and subscription process required to admit institutional and private LPs in compliance with FATF standards. The process is built to scale with a subsequent close.
We design the board representation, information rights, and reporting requirements that govern the GP relationship with portfolio companies. The framework protects the fund and satisfies LP expectations.
We deliver the quarterly LP reports and regulatory submissions required across the fund life. Reports are produced to the standard institutional LPs expect and submitted to regulators on schedule.
What We Deliver
A complete architecture, designed, launched, and managed
We design the GP-LP structure — entity types, domicile, and ownership — that isolates liability and satisfies institutional LP requirements. The structure governs carry and succession for the fund life.
We draft the distribution waterfall and carried interest provisions that define how returns flow between GP and LP. Economics are benchmarked against market practice and negotiated to hold.
We structure the key-person clauses, LP advisory committee, and governance rights that institutional LPs require before committing capital. These terms are set at formation and are not easily amended.
We source and appoint a fund administrator and auditor with experience in the strategy and domicile. Provider selection is benchmarked against what institutional LPs expect to see.
We implement the capital call and distribution mechanics — notices, accounts, and settlement flows — that govern every cash movement across the fund life. The infrastructure is built to scale with additional closes.
We establish a defensible valuation methodology for private assets that satisfies your auditor, LPs, and regulators. The policy covers determination date, methodology selection, and override governance.
We implement the investor verification and subscription process required to admit institutional and private LPs in compliance with FATF standards. The process is built to scale with a subsequent close.
We design the board representation, information rights, and reporting requirements that govern the GP relationship with portfolio companies. The framework protects the fund and satisfies LP expectations.
We deliver the quarterly LP reports and regulatory submissions required across the fund life. Reports are produced to the standard institutional LPs expect and submitted to regulators on schedule.
Infrastructure Selection
X-CHASE holds no commercial interest in any provider, assessing them strictly on live performance, structural fit, and renewal terms. Providers are named exclusively under formal engagement, never on a public website.