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We help our clients establish domestic and offshore incubator funds of all asset classes and sizes. Incubator funds can be ideal starting points for fund managers that prefer to establish a marketable track record before gradually transitioning to a full-fledged fund. In contrast to a full-fledged fund, incubator funds are typically closed to outside investors and capitalized solely by the fund manager.


Our incubator fund services include:

  • Organizational structure: Advising clients on overall organizational structure and forming the respective entities that will serve as the management company and the fund.
  • Company operating agreements: Preparing an operating agreement for the management company.
  • Fund partnership agreements: Preparing a limited partnership agreement for the fund.
  • Marketing materials review: Reviewing any marketing materials created for the incubator fund, including advising clients on the presentation of performance returns and preparing customized legal disclaimers.
  • Fund offering prep: Advising clients regarding full-fledged fund structures and selecting service providers so that indications of interest can be obtained from prospective investors prior to preparing fund offering documents.

We have been working with CLG since our firm’s inception. They have always been highly responsive and professional—I highly recommend them.

– Ian Cassel, CIO,
Intelligent Fanatics Capital Management



Incubator Funds

What is an incubator fund? An incubator fund is a cost-effective fund alternative for managers who prefer to gradually transition to a full-fledged hedge fund.  The key difference between a full-fledged hedge fund and…