Private Client & Investments · Practice

Fund Formation

Structuring and launching the funds that channel capital into the region.

Overview

Funds — designed, launched, and lived with.

We advise fund sponsors on the structuring, formation, and launch of private capital vehicles targeting East African investment — PE, VC, debt, infrastructure, and real estate.

Our team pairs domestic regulatory depth with a working knowledge of international fund structures — one relationship for both sides of the wire.

  • Domestic and offshore structures
  • LPAs and side letters
  • Regulatory approvals
  • Ongoing operations and fund life
Firm Perspective

How we approach this practice.

We assist General Partners in the formation of investment funds, structuring limited partnership agreements, and advising on carried interest and management fee arrangements, including the regulatory aspects of cross-border fund structures often involving Mauritius or other financial centres.

Capabilities

Fund formation, end to end.

Every mandate draws on the same integrated bench — corporate, regulatory, tax, and disputes — sequenced by a single partner.
Structuring

Domestic, Mauritius, and other offshore fund structures aligned to investor base and target.

LPA & Side Letters

Limited partnership agreement drafting and side letter negotiation.

Regulatory Approvals

CMA collective investment scheme and other regulatory approvals across relevant regimes.

GP & Carry Structuring

General partner structures, carried interest, and management arrangements.

Investor Onboarding

Investor onboarding, KYC frameworks, and subscription documentation.

Ongoing Fund Life

Portfolio investments, distributions, secondaries, and fund wind-down.

How We Work

A disciplined path from concept to close.

  1. 01
    Commercial Alignment

    We start with the commercial map — economics, control, contributions, and outcome — before drafting a single clause.

  2. 02
    Structural Blueprint

    A structuring memo sets out the vehicle, jurisdiction, tax treatment, and regulatory path, benchmarked against comparable matters.

  3. 03
    Documentation

    Bespoke documentation drafted as an integrated instrument set — designed to survive later scrutiny.

  4. 04
    Approvals & Closing

    Regulator engagement, condition-precedent management, and a disciplined closing choreography.

  5. 05
    Stewardship

    Ongoing counsel through the life of the matter — governance, calendaring, and dispute-prevention.

Representative Experience

Selected fund formation mandates.

A partial view of the mandates we have advised on — sanitised for confidentiality, but indicative of the scale and complexity of our work.

  • 01

    Advised a first-time GP on the launch of a debut East African growth equity fund.

  • 02

    Structured a Mauritius-based infrastructure fund with a Kenyan operating vehicle.

  • 03

    Counsel to a fund manager on the launch of a Kenyan collective investment scheme.

  • 04

    Represented an anchor LP on side letter negotiation across a series of regional funds.

Key Contacts

Partners leading the practice.

Yusuf Hudheifa
Yusuf Hudheifa
Managing Partner
Aisha Nengo
Aisha Nengo
Senior Partner
Related Practice Areas

Where this work connects.

Insight
Mauritius vs Kenya fund structures — a practical comparison.
Read the briefing
Instruct the Firm

Considering a matter? Speak with the partner who will run it.

A confidential, no-obligation conversation with a partner — usually within one business day.