To become a limited partner of a fund, an investor must sign a counter-page on which he undertakes to be bound, if any, to the terms of the partnership contract or company agreement. The investment management contract is an agreement between the fund and the investment management company. It defines the services provided by a fund manager in return for remuneration. It also gives the fund manager the authority to advise the fund on its assets and any contributions from limited partners, and gives the fund manager the discretion to manage investor funds and securities in a manner that the fund manager believes is consistent with the Fund`s investment strategy. Since the fund manager and the complement are usually the same people (i.e.: the investment management contract is probably signed by the same people on both sides. If you have any questions or would like to help you structure your hedge fund offering files, make an appointment to discuss our online filing with one of our lawyers via the Contact link below. ILPA has published in Delaware two comprehensive, law-based model LPAs that can be used to structure investments in a traditional private equity fund, including either a “Whole of Fund” or a “Deal by Deal” waterfall. A private placement memorandum (PPM) is a securities opening document that provides investors with essential information about the fund so that an investor can make an informed investment decision. Among the terms of the sponsorship agreement are: in addition to the five core fund documents, there are mandatory SEC and state submissions, including Form D submissions and, in some cases, registration of investment advisors and registration of commodity pool managers with the Commodities Futures Trading Commission (CFTC). The company agreements of the management company and the complementary are the legal documents that provide for all the rights of the contracting entities of the Fund. .