A PPM for venture capital funds with full GP-LP terms

The VC-fund framework covers cover page, suitability, executive summary, GP track record, investment thesis, portfolio-construction rules (stage focus, geography, check size, concentration limits), fund terms (commitment period, fund life, extensions), fees and carry (management fee, carried interest, GP commitment), key-person and successor-GP provisions, distribution mechanics (European or deal-by-deal waterfall), and a risk library tuned to venture (follow-on dilution, key-person, LP default, valuation-uncertainty, exit-timing, J-curve).

The wizard also renders a schedule of commitments, a drawdown mechanics section, and the standard LP protections (advisory committee, most-favored-nation carve-outs, GP-clawback references) that institutional LPs typically ask about.

Use it for a traditional discretionary venture fund — a new GP raising Fund I, an established manager raising a successor fund, an emerging-manager program running a debut vehicle. Also fits micro-VC ($10–$50M), seed funds, and small sector-focused vehicles.

If the raise is for a single deal — even if it is venture-style — the venture-SPV framework is shorter and closer to the market norm for that shape. In our experience LPs expect a meaningfully different document between a $2M SPV and a $30M discretionary fund.

A common shape is a Delaware LP offering LP interests under Rule 506(c), with a 2% management fee on committed capital (stepping down in the post-investment period), 20% carry over an 8% preferred return or an un-hurdled structure, a 10-year fund life with two 1-year extensions, and a 5-year commitment period. Raise sizes typically run $10M (emerging-manager Fund I) to $250M+ (established multi-fund shops). The wizard scales to both.