Legal Clarity, Operator Mindset
Align your legal structure with your strategy. We turn ambiguity into clear, step-by-step decisions using templates and checklists. Your documents and governance are investor-calibrated from the start.
Launching the
Next Generation
of Funds
Most emerging managers face the same roadblocks: unclear legal steps, investor skepticism, and complex compliance requirements. Traditional fund formation can take months, cost a fortune, and still leave managers guessing whether they're set up for long-term success. We built Launch to change that. You get a concise plan, a clear legal framework, and dedicated support from RPCK’s globally recognized impact-focused funds practice. Our team of industry thought leaders has helped launch funds around the world and we’ve packaged that expertise into a radically affordable program. Start your application →
Investor-Ready by Design
Our deep experience advising family offices, private foundations, DFIs, and sovereign wealth funds gives us a clear view of what investors expect. Paired with market-leading fund formation counsel, we help ensure your structure, documents, and process align with those expectations from day one. The result: clear decisions, clean documents, and a faster path to first close. Here's how we get you there:
Faster Path to First Close
Follow a standardized roadmap with checklists and office hours. We help you keep momentum and reduce rework with balanced, thoughtfully designed documents.
A Trusted Partner Network
Tap a pre-vetted network of administrators, auditors, tax, KYC/AML, IMM, and banking partners. Tailored introductions help you avoid trial and error and build the right infrastructure from day one.
YOUR LAUNCH TOOLKIT
From formation to first close, Launch gives you the essential building blocks every emerging manager needs. A clear structure, vetted documents, and a proven process to move confidently through fundraising.
We begin with a focused strategy session to define your fund's structure, jurisdiction, and entity setup. Our team then forms your GP and Manager entities in Delaware and reviews your investor deck for compliance considerations—giving you a strong, compliant foundation from day one. (Regulatory filing fees not included.)
We draft the key agreements every fund needs:
- Delaware Limited Partnership Agreement
- Subscription Booklet with risk factors and disclosures
- Operating Agreements for GP and Management Company
- Investment Management Agreement (IMA)
With these in hand, you can engage investors with confidence and clarity.
You'll receive a compliance checklist and a first-close checklist outlining the essential steps to meet investor and regulatory requirements—so you're ready to begin outreach and secure commitments.
We guide you through the closing process with introductions to trusted administrators, accountants, and placement agents. We also handle Form D and up to 3 Blue Sky filings to keep you compliant through your first close. (Regulatory filing fees not included.)
You'll have up to five hours of dedicated legal support pre-first close, plus access to RPCK community office hours (workshops, panels, and small-group sessions) that provide practical insights and connections beyond legal counsel.
For more complex needs, optional add-ons include:
- Private Placement Memoranda (PPMs)
- Side letters and bespoke investor negotiations
- Securities and tax structuring (feeders, holding companies, parallel funds, etc.)
- International elements and offerings
- Incentive agreements for GP and Management Company teams
- Employment matters, placement agent, or administration contract reviews
TRUSTED PARTNER NETWORK
Partners at Your Side
We’ve built a pre-vetted network of administrators, auditors, tax advisors, regulatory compliance specialists, KYC/AML providers, impact measurement & management (IMM) specialists, and banking partners with a track record of supporting emerging and impact managers. Introductions are tailored to your fund’s needs—so you avoid trial-and-error and build the right infrastructure from day one. This network will include firms with expertise in the following areas:
Fundraising & Investor Relations
Administration & Accounting
Finance & Controls
Data & Reporting
Strategy & Impact
Banking & Operations
DELIVERABLES & ELIGIBILITY
Deliverables
All Launch members receive the full Core Program under a single flat fee—no surprises.
Core (Included)
- Strategic guidance in a 1:1 meeting with RPCK's impact and fund formation team to align your structure with your mission and goals
- Entity setup for your GP and Management Company in Delaware (filing fees not included)
- Core fund documents including LPA, Subscription Booklet with risk factors, GP/Manager agreements, and IMA
- Compliance and first-close checklists for investor/regulatory requirements
- Form D and Blue Sky filings prepared and filed (filing fees not included)
- Dedicated legal support with up to five hours of attorney time leading to first close
- Peer community access through office hours, workshops, panels, and small group sessions
Optional Add-Ons (Reduced Rate)
- Private Placement Memorandum (PPM) to support institutional fundraising
- Side letters & bespoke investor terms for LP negotiations
- Advanced securities and tax structuring for complex strategies, such as feeder fund, holding vehicles, and parallel funds
- International elements including cross-border funds or offshore entities
- Incentive structures for GP and Management Company teams
- Employment/governance matters such as operating agreements and carry plans
- Contract reviews for placement agents, administrators, or other service providers
Available à la carte for Launch members.
Eligibility
- First and second-time managers (including spin-outs from established firms)
- U.S. based funds targeting $10M–$75M in commitments
- Teams with a unique thesis and credible LP interest
- Managers seeking a streamlined, cost-effective path to first close
- Especially relevant for impact-driven strategies in climate, inclusive finance, and sustainable growth
Not sure if you qualify? Apply anyway — our funds team reviews each application individually and considers exceptions where Launch can add value and drive measurable impact.
RECOGNIZED LEADERS IN THE FIELD
Launch is an initiative of RPCK Rastegar Panchal, a global boutique law firm focused on Investment Funds and Impact Investment.
Selected independent rankings and academic affiliations include:
Selected recognitions & contributions
- Chambers & Partners: USA rankings and Global rankings in Impact Investment and Investment Funds.
- Oxford Saïd: Impact Finance Innovations Programme (teaching/contributor).
- NYU Law: Grunin Prize for Law & Social Entrepreneurship (multi-year finalists).
- NYU Law: Grunin Center (recurring speaker/contributor).
- ImpactAssets 50: counsel to multiple managers featured in the IA 50.
Badges & affiliations
HOW TO APPLY
- 1
SUBMIT APPLICATION
Complete our application form with your fund strategy and GP background. This helps us understand your vision, readiness, and fit for the program.
- 2
APPLICATION REVIEW
We review applications on a rolling basis and only a select group of managers is admitted at a time.
- 3
INTERVIEW CALL
Qualified applicants join a short call with our attorneys to confirm program fit, discuss flat fee structure, answer questions, and align on scope.
- 4
LAUNCH
Selected managers sign an engagement agreement with RPCK. Onboarding begins immediately, and we prepare your fund with the right structure to reach first close.