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A complete and transparent solution

We provide a one-stop solution with legal, regulatory, and back-office services. We’re committed to providing the best possible experience for starting, running, and managing your fund or syndicate.

Traditional Funds

1% of fund size
(capped at $25k per year)

Admin fee

No carry on your own LPs

5% carry on AngelList LPs

3 or more deals per year

Get started

Rolling Funds™

0.15% of contributed
capital annually

Admin fee

No carry on your own LPs

5% carry on AngelList LPs

3 or more deals per quarter

Get started

Syndicates

$8k
setup fee

One-time

No carry on your own LPs

5% carry on AngelList LPs

New SPV per deal

Get started
Carry Structure
Traditional Funds
Rolling Funds™
Syndicates
Carry on your own LPs
None
None
None
Carry on AngelList LPs
5%
5%
5%
General Services
Accept quarterly subscriptions
Publicly fundraise
Raise on a deal-by-deal basis
Fundraising Services
Introductions to LPs via AngelList’s vetted capital network for select top tier deals
Investment Advisory Services
KYC/AML checks for all LPs
Conduct review of investments for the lifetime of the fund to ensure compliance with fund thesis
Fund Setup Services
Provide guidance with management company formation & maintenance setup (required for SEC compliance)
Not applicable
n/a
Turn-key SPV setup
Generate standardized fund agreements and formation documents
Prepare regulatory filings and registration services on behalf of the fund
Set up and manage all fund bank accounts and handle wiring funds
Streamline fund transfer and distribution processes
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Fund Account Management
Dedicated account manager to help run fund operations and answer questions
Proprietary Software
Manage all your investments from one dashboard
View the funding status for each investor
Seamlessly message your investor network from your dashboard
Pre-qualify for AngelList Capital using the AngelList Capital Predictor
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Portfolio Management Services
Document all investments after professional review of term sheets
Track active investments by cost, value (realized and unrealized), multiple, and date
Provide live valuation, position, and financial reporting
Provide all capital balance, valuation details and IRR return information
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Investor Communications
Provide fund managers with a secure online portal to communicate with fund LPs
Generate templates for investor updates
Store records of communication for future reference
Automatically generate portfolio updates based on curated public data sources
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LP Management & Reporting
Manage a fully electronic and integrated closing process for LPs
Execute and store investment documents digitally
Electronic ledger to track LP commitments, contributed capital, and distributions
Prepare and distribute capital call notices via email and through the AL website
Mark valuation information available at any time through the AL website
Email notification sent to LPs each time GP provides an update
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Tax & Fund Administration
Maintain fund ownership ledger and capital accounts
Conduct payment of ongoing fund registration and tax expenses for the life of the fund
Prepare tax returns and K-1 distributions for the life of the fund
Track and allocate income and expenses by tax characteristic
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Accounting Services
Facilitate payment of fund expenses (covered in the fund LPA) from the fund’s balance
Support and calculate investor management fees
Maintain accounting transaction log, downloadable by GP at any time
As per fund requirements, maintain books and records of the fund
Track all accruals
Ensure fund accounts held at bank/custodian are accurate
Determine daily calculation of the net asset value of the fund
Support live valuation of the fund based on the latest valuation data provided
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Additional Services
Provide quarterly or annual cash-basis financials
Provide quarterly GAAP financials
Support audit response for institutional LPs
Calculator

Fund Fees Calculator

Use our fund fees calculator to get a comprehensive view of your fund’s management fees, admin fees, and investable cash.
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