Structure blocks

Entities

A typical closed-end fund involves several legal entities — the fund itself, a general partner entity, and a management company. Fund Builder lays these out for you and explains what each one is for, so the org chart your lawyer eventually papers is one you already understand. As you make choices elsewhere in the builder, the entity block keeps pace.

Asset class & strategy

Your asset class — real estate, private equity, venture, credit, and so on — is the single most consequential input, because it drives the defaults for everything else: typical fee ranges, hurdle conventions, and the shape of the waterfall. Pick the closest match and refine from there; you are not locked in.

Fund size

Set your target raise. This is the number your economics are modeled against and the headline figure on your deck. Alongside it you can set a hard cap if you intend to enforce one.

GP commitment

The GP commit is the amount you and your partners invest into your own fund. LPs read it as alignment — skin in the game — and most institutional investors expect one. Fund Builder models it as part of the capital stack, so you can see how different commitment levels change your own cash needs and returns.

Not sure what a reasonable GP commit looks like for your fund size and asset class? This is exactly the kind of question the Marketplace consultants field every week.