Fund formation is a strategic decision: jurisdiction, vehicle type, and governance choices shape everything from investor relations to carry treatment. Vircon Legal advises sponsors and managers on the structuring, formation, and lifecycle administration of investment funds — venture capital, private equity, real estate, and digital asset funds — across Turkish and cross-border vehicles.
Our work for fund clients includes:
- Domestic vehicles: venture capital investment funds (VCIF), real estate investment funds, and private equity investment funds registered with the Capital Markets Board
- Offshore structures: Cayman segregated portfolios, Luxembourg SCSp, and Delaware LP feeder structures
- Manager licensing: portfolio management company registration and ongoing compliance
- Fund documentation: internal regulations, prospectus, side letters, and GP-LP agreements (see also our GP-LP Agreements practice)
- Investor onboarding: KYC/AML, subscription agreements, accredited and qualified investor verification
- Lifecycle administration: carry calculation, hurdle rate waterfall, management fee mechanics
- Fund termination and tax planning under Turkish and international frameworks
We work with first-time fund sponsors, established VC/PE shops launching new vehicles, family offices, and corporate venture units. Our integration with investment management, M&A, and data privacy teams means clients receive coordinated advice across the full fund lifecycle from a single firm.
For fund managers preparing for their first close or facing complex side letter negotiations, our VC Due Diligence Checklist and related glossary resources are practical starting points.