Man standing on ledge in mountains

Your trusted guide to investment funds and SPVs.

We focus exclusively on fund formation and securities laws, representing both investment managers (GPs) and capital providers (LPs).

/ services

What We Do

Investment Fund Formation

We love fund formation. Whether you’re ready to form Fund IX or you’re an emerging manager building your investment firm from scratch, we can help.

You’ll have an experienced guide through the entire fund formation process, including:

Regulatory and tax analysis

Selecting fund terms

Entity formation

Contract drafting

Investor relations and negotiations

Securities filings

Ongoing support

We serve clients across asset classes, including real estate, private equity, venture capital, private credit, hedge funds, digital assets, and more.

Special Purpose Vehicle Formation

If you prefer investing on a “deal-by-deal” basis, we have you covered. Pooling investor capital to invest in a single asset is especially common for emerging managers on their way to raising their first investment fund.

Examples of special purpose vehicles:

SPV to purchase a single apartment building or strip mall

SPV to purchase a single business (“independent sponsor”)

SPV to purchase a single class of securities (e.g., Series A preferred stock)

We can discuss the costs and benefits of raising an SPV versus raising a fund.

Limited Partner Representation

We represent limited partners in funds and SPVs. If you’re a careful investor, you may want an attorney to review the fund documents to look for red flags.

You may also want a “side letter” with the fund to obtain special rights or economic terms. If you don’t have a form side letter request for funds and SPVs, we can help you create one.

Some larger LP clients prefer a detailed list of fund terms and conditions. Other clients just want a quick email with any material red flags. It's up to you.

We support clients in the following asset classes

Finance Icon
Real Estate
Finance Icon
private equity
Finance Icon
venture capital
Finance Icon
Hedge Funds
Finance Icon
private credit
Finance Icon
Digital Assets
Finance Icon
Real Estate
Finance Icon
private equity
Finance Icon
venture capital
Finance Icon
Hedge Funds
Finance Icon
private credit
Finance Icon
Digital Assets
Finance Icon
Real Estate
Finance Icon
private equity
Finance Icon
venture capital
Finance Icon
Hedge Funds
/ about

Michael Huseby -Managing Member

Michael is a trusted fund formation attorney with extensive experience representing both investment managers (GPs) and passive investors (LPs). While he currently focuses exclusively on investment vehicles and securities laws, he has a broad background in M&A, capital markets, public company representation, corporate matters, and fund formation.

He has helped clients raise billions of dollars across real estate, venture capital, private equity, hedge funds, and more.

He lives in the mountains outside of Seattle with his wife and son.

Prior Experience:
· Latham & Watkins LLP
· TroyGould PC
· DLA Piper LLP (US)

Education:
· Columbia Law School (Ruth Bader Ginsburg Prize; Carol G. Harper Prize; Kent Scholar x3)
· University of California, Los Angeles (Phi Beta Kappa)

Our Team

Chris Schuering

Counsel

Kyle Bryant

Associate

Comming Soon

Associate

Daniel Sepulveda

Paralegal

Ekaterina Kachoutina

Paralegal/Operations

Alfredo Ruiz

Operations

/ faqs

You Have Questions.
We Have Answers.

How does billing work?

For investment fund formation and SPV formation, we use a flat fee model with optional add-ons. For change orders outside the agreed project scope, we offer a reduced billing rate. The flat fee is billed in phases, with the largest portion deferred and paid by the fund itself at the initial closing date.

For LP representation, clients can choose a flat fee or hourly billing model.

We do not bill for quick email responses, short phone calls, or other minor matters. You shouldn’t be afraid to ask your lawyer a question.

Our highest billing rate for attorneys is lower than the rate for a first-year associate at big law firms.

What asset classes do you work with?

We work with a variety of asset classes. Most of our clients are in real estate, private equity, private credit, or venture capital. We also service clients in the digital assets, project finance, and hedge fund industries.

How long does it take to form an investment fund?

Most clients budget 4-6 weeks to raise a fund at a brisk pace, assuming you (the client) and your investors are on task. We once raised a fund in 3 weeks, but that was unusually fast. We suggest not waiting until the last minute to begin the process.

Do you represent general partners or limited partners?

Both! We work with general partners (GPs) and limited partners (LPs). Having clients on each side of the aisle gives us special insight into what’s really important (and what the other side is thinking).

Why should I hire you?

We’ve formed countless investment funds and SPVs at some of the most elite law firms in the world, including Latham & Watkins and DLA Piper. However, we saw a hole in the market - investment managers who are ready for institutional-grade representation at a fair price.

Our focus on automation, efficiency, and transparency empowers us to act more quickly (and at a lower cost) than many other law firms.

Finally, we love what we do. Investment funds are great. There’s nothing else we’d rather be doing, which comes through in our work.

/ Newsletter

Fundamentals

Your friendly guide to investment funds and SPVs.

/ VIDEO resources

Learn the Basics of Investment Funds and SPVs

Investment Fund Key Terms Deep Dive #11: Key Person Event (Part 2)

Investment Fund Key Terms Deep Dive #10: Key Person Event (Part 1)

Investment Fund Key Terms Deep Dive #9: Investment Limitations

The Pros and Cons of Closed-end Funds and Open-end Funds

What is the Difference Between Funds and SPVs/Syndications?

How to Form an Investment Fund or SPV in 10 Steps

Let's Build Something Together

Please provide some background on yourself, your track record (if applicable), and your goals. We're excited to get started.