Angel / VC Fund Documentation

Most such vehicles in India are structured as Alternative Investment Funds, and the category matters: angel and venture funds typically fall within the Category I AIF framework, with its own registration requirements, investor eligibility thresholds, and operating conditions. Our team advises on the right structure and category for your strategy, sets up the trust or other vehicle, and manages the documentation that the framework demands, so the fund stands on a sound regulatory footing from the outset.

The private placement memorandum is the heart of the offering, and it has to do two jobs at once: comply with the disclosure requirements and persuade investors. We draft the PPM to set out the investment strategy, the fee and carry structure, the term and drawdown mechanics, the risk factors, the conflicts framework, and the governance, in language that is accurate, complete, and credible to the institutions and individuals you are courting. A loose or generic PPM signals an amateur operation, and we make sure yours does not.

The contribution agreement and the side letters are where the manager-investor relationship is actually negotiated, and Law Mahaguru drafts these to balance the manager’s need for operational freedom with the investor protections sophisticated backers expect. We address capital commitments and defaults, the waterfall and distribution mechanics, key-person provisions, the no-fault and for-cause removal terms, and the reporting obligations, so the fund runs on clear rules rather than improvised ones.

We also support the ongoing documentation a fund needs once it is live, from the investment-level paperwork to the compliance filings that the AIF framework imposes.

Our clients include first-time fund managers structuring a debut vehicle, angel networks formalising their investing, and established managers raising a new fund. Each receives documentation built to satisfy the regulator and reassure the investor.

A fund is only as strong as the documents that govern it. Law Mahaguru gives yours the rigour that serious capital expects. Tell us about the fund you are raising, and we will build the documentation that lets it stand up to both the regulator and the room.