Next member eventFund Launch SummitFund Launch HQ · Lehi, Utah
28–29January
2027
2027
From Alex at Fund Launch
Black Card,
for you.
Here's the offer. What you told me about Your Fund I, and exactly how our team would take it from here to a formed fund with you, ready to raise.
What you told Alex
Your Fund I
- What's in the way
- Knowing where to start
What Black Card is
An incubator, not a software subscription. A team that builds your fund with you, from the first call to Form D.
Someone owns your launch
Maddie, your account manager, runs your welcome check-in, maps your launch, and keeps every next step clear until Form D.
Someone to ask, most weekdays
Drop-in office hours with operators and specialists. Free for members, no booking.
Experts at every decision
One-on-one calls with advisors who've built funds in your asset class.
You raise the fund. We help make it worth backing, and we're with you the whole way.
Your team
You never launch alone. Meet the people in your corner.
Maddie, your account manager, is your first call after you join. She maps out your launch with you, books your first advisor call, and checks in at every step. Your core coaches work through the decisions with you.
15+
advisors on the roster, from tax and compliance to presenting your fund. Book whoever you need.
- Office hoursSmall-group Q&A most weekdays, free for members
- Group coachingRegular sessions with operators who've built funds
- Member communitySlack, monthly meetups, and 1–3 events a year
Your roadmap
From idea to Form D. Step by step, with people at every one.
This is the roadmap you'd see in Fund Launch AI on day one, set up for Your Fund I. Seven steps to build the fund with Maddie and your coaches, then eight steps through independent counsel to Form D.
Where you'd startYou said the hard part is knowing where to start. For most first-time managers that's the plan itself: what the fund buys, the terms, and a size the people you know could back. So that's where you'd start.
01
Welcome check-inBook a free sessionLaunch planMap out your launch
Onboarding
A welcome check-in with your account manager. Together you map out your launch and book your first advisor call.
Your launch plan
Welcome check-inWith Maddie Dallimore
02
GPTrack recordRelevant experiencePrior investmentsClear attribution
Team & track record
Who is raising this fund and what they've done before: the GP team, prior investments, and clear attribution for each deal.
Your team and track record, laid out the way investors read them
Advisor callWith Dustin Gomez
OH
Office hoursDrop in, most weekdays
03You'd start here
Your Fund IYour investment thesis
Strategy & market
What the fund invests in and why now: your thesis, your market, and your edge.
An investment thesis in your own words
Advisor callWith Dustin Gomez
OH
Office hoursDrop in, most weekdays
04
Your Fund IGeneral partnerInvestors
Terms & structure
Fund size, fees, carry, preferred return, and timeline, modeled together so they tell one story. Your Scroll Deck is built from here.
Your terms, and an investor deck built from them
Advisor callWith Jon Lelegren
OH
Office hoursDrop in, most weekdays
05
Investor pipelineWarm introsPast co-investorsNew relationships
Fundraising & investors
Who you're raising from and on what terms: your investor pipeline and the materials for each conversation.
A plan for your raise
Advisor callWith Dan Pierson
OH
Office hoursDrop in, most weekdays
06
Fund operationsService providersInvestor reportingOperating calendar
Operations & reporting
How the fund runs after the close: service providers, investor reporting, and an operating calendar.
Your fund's operating setup
Advisor callWith Jon Lelegren
OH
Office hoursDrop in, most weekdays
07
Your Management, LLCYour GP, LLCYour Fund I, LP
Legal & compliance
Entities, regulation, and everything counsel will need, gathered into a counsel brief.
A counsel brief, ready for review
Advisor callWith Maddie and your advisors
OH
Office hoursDrop in, most weekdays
Sign-off
Launch readinessFree check-in
Pre-launch sign-off
A readiness check with your account manager.
Readiness checkWith Maddie
Gate
Legal gate
You approve every legal field in Legal Canvas before anything goes to counsel.
Legal CanvasYou and Maddie
Engage
Letter of engagement
Engagement
Terms, a conflict check, and an engagement letter with independent counsel.
LF
Independent counselEngagement letter
Review
PPMLPASubscriptionIn review
Counsel review
Counsel reviews every one of your 17 fund documents.
LF
Independent counselReviews all 17 documents
Sign
Limited partnership agreementGeneral partner
Signing
You execute every fund document.
You
You signEvery fund document
Form
Formation
Your GP, management company, and fund are formed.
LF
Independent counselForms your three entities
Consult
FCYou
Consultation
A one-hour wrap-up with counsel.
LF
Independent counselOne-hour call with you
Form D
Form DNotice of exempt offeringFiled through counsel
Form D
Your SEC notice filing, through counsel. Your fund is ready to raise.
LF
Independent counselFiles with the SEC
Drag, scroll, or tap a step to explore.
Coaches shown are the core coaches. You can book any advisor on the roster, and availability varies.
Inside the build
Every decision on one record. Scored as you go.
Everything you decide with your coaches lands in Fund Launch AI. Fund Builder scores it across six pillars so you see where the fund is strong before an investor does, and your Scroll Deck is written from the same record.
Six pillars
- Team & track record
- Strategy & marketStart here
- Terms & structure
- Fundraising & investors
- Operations & reporting
- Legal & compliance
Started from what you told Alex
Formed and filed
We take it through counsel. Formed and filed.
Maddie signs off on readiness with you, then your 17 fund documents go to an independent law firm. Counsel reviews them, forms your entities, and files your Form D, with a one-hour wrap-up call at the end. There's no separate counsel fee for formation.
PPMSubscriptionLPA
DraftFrom your fund record
Limited Partnership AgreementYour Fund I, LPArticle IV · Capital contributions
Minimum commitment as set in your record per limited partner.
Article VII · Distributions
Preferred return and carried interest as you decide them with your advisors.
independent counsel
Certificate of formationYour GP, LLC
Certificate of formationYour Management, LLC
Certificate of limited partnershipYour Fund I, LP
SEC · Form DNotice of exempt offering
The offer
Everything included. One membership, one team.
Here's exactly what you get with Black Card, and what you'd otherwise be piecing together on your own.
01
People who work with you
- A dedicated account manager from welcome check-in to Form D
- 1:1 advisor calls with 15+ specialists. 12,000 credits covers about 21 calls, good for a year
- Office hours most weekdays, free, no booking
- Group coaching with operators who've built funds
- Member community: Slack, monthly meetups, and 1–3 events a year
02Fund Launch AI
The work, on one record
- Your roadmap, with the next step always clear
- Fund Builder: 150+ fields across six pillars, scored as you go
- Scroll Deck, your investor deck, written from your record
- Legal Canvas: every legal field approved by you before counsel
03Independent counsel
Formation, handled
- Counsel review of all 17 fund documents
- 3 entities formed: GP, management company, and fund, with EINs and a registered agent
- Form D filed through counsel
- A one-hour wrap-up with counsel
- No separate counsel fee for formation
On your ownWith Black Card
Strategy and termsOn your ownWork them out alone, or pay a lawyer by the hourWith Black CardWorked through with advisors, modeled in Fund Builder
AdviceOn your ownFind and vet experts one call at a timeWith Black CardA bench of advisors and office hours most weekdays
Investor deckOn your ownBuild it from scratchWith Black CardWritten from your fund record
Legal and formationOn your ownHourly bills that grow with every changeWith Black CardCounsel review, formation, and Form D, no separate counsel fee
Keeping it movingOn your ownYou manage every stepWith Black CardMaddie owns your next step
Not included: state filings and fees; ongoing tax, audit, accounting, and fund admin; offshore or multi-asset structures. And nobody raises the money for you. A general comparison, not a statement about any specific provider.
The investment
Two ways to join. Same membership.
Paying in full costs less and starts everything on day one.
Paid in full
$30,000
- Formation can start on day one
- All 12,000 credits on day one
- $5,000 less than the payment plan
- A 1:1 call with Bridger Pennington if you join before Fund Launch LIVE, November 10
Payment plan
$35,000
- Today$5,000
- In 30 days$10,000
- In 60 days$20,000
Credits unlock as you pay. Formation opens once you're half paid. Our team sets up the second and third payments with you.
Start with $5,000Reply to AlexQuestions about any of it?
Good questions
Questions worth asking
Does this guarantee we raise the fund?
No. Nobody can promise that, and you should be wary of anyone who does. Black Card builds a fund investors can evaluate. The raise is yours to run.
Who does the legal work?
An independent law firm reviews every document, forms the entities, and files the Form D. Fund Launch is not a law firm.
How long does it take?
Members set the pace. Your account manager maps the roadmap to your timing at the welcome check-in. Paying in full lets formation start right away.
What isn't included?
State filings and fees, ongoing tax, audit, accounting, and fund administration, and structures beyond one US domestic, single-asset-class, blind-pool fund.
Is Fund Launch giving us investment or legal advice?
No. Fund Launch is an education and technology platform. Advisors and independent counsel help you make your own decisions.
From idea to launch.