Does Infra One cover SEC compliance requirements?

Infra One handles digital investor accreditation verification, subscription flows, KYC/AML checks, and ongoing fund reporting. For managers who need to file as exempt reporting advisers or meet state Blue Sky requirements, the platform supports the necessary workflows and documentation.

Why is Delaware the standard domicile for US VC funds?

Delaware offers a well-developed body of partnership law, a specialised Court of Chancery with deep expertise in corporate and fund disputes, maximum contractual flexibility in limited partnership agreements, no state income tax on out-of-state investment gains, and a fast, reliable filing system. These advantages have made the Delaware LP the default vehicle for US venture capital funds.

What SEC exemptions do emerging VC managers typically use?

Most emerging VC managers rely on Section 3(c)(1) of the Investment Company Act (up to 100 beneficial owners) or Section 3(c)(7) (unlimited qualified purchasers) to avoid fund-level registration. Fundraising is conducted under Regulation D (typically Rule 506(b) for no general solicitation, or Rule 506(c) for verified accredited investors). Many VC managers also qualify as exempt reporting advisers under the Advisers Act venture capital fund exemption.

How long does it take to launch a Delaware LP fund?

The Delaware LP formation itself takes 1 to 2 days. With Infra One handling documentation, service provider setup, and investor onboarding end-to-end, total time from engagement to first close is typically 2 to 4 weeks.

How is a Delaware LP fund taxed?

A Delaware LP is a pass-through entity for US federal tax purposes — the fund pays no entity-level tax and each partner reports their share of income and gains on their own return. LPs investing in qualifying small business stock (QSBS) may be eligible to exclude up to 100% of capital gains under Section 1202 if certain conditions are met.

What documents are needed to launch a fund?

The core documents are the Limited Partnership Agreement (LPA), a Private Placement Memorandum (PPM), subscription documents, and side letter templates. Infra One generates and automates all of these through the platform at zero setup and legal fees.

The Delaware LP, minus the Delaware-sized legal bill

SEC-compliant formation, capital calls, and full admin · Zero setup and legal fees

Delaware fund regimeInstitutional LP standardTax-transparentSetup: 2–4 weeks

Starter

Best for funds under 2M

$3.5k

+ 0.75%

of fund size

Fund administration
Legal fund formation
Investor closings
Transaction reviews & valuation support
Fund filing & tax services
Backbone professional included

Investments

15

Regulatory fees

Variable

Get started

Growth

Best for funds 2M - 26M

Scale

Best for funds over 26M

$20k

+ 0.15%

of fund size

Everything from Growth plan
Audit support
2 global feeder funds
Backbone professional included

Investments

Unlimited

Regulatory fees

Variable

Get started

Starter

Best for funds under 2M

$3.5k

+ 0.75%

of fund size

Fund administration
Legal fund formation
Investor closings
Transaction reviews & valuation support
Fund filing & tax services
Backbone professional included

Investments

15

Regulatory fees

Variable

Get started

Growth

Best for funds 2M - 26M

Scale

Best for funds over 26M

$20k

+ 0.15%

of fund size

Everything from Growth plan
Audit support
2 global feeder funds
Backbone professional included

Investments

Unlimited

Regulatory fees

Variable

Get started

There is no setup cost. Annualized cost is based on the ongoing fund services fee over a 10-year fund lifetime.

Transparency that makes every option easy to understand

	Starter $3.5k + 0.75% of fund size	Growth $20k + 0.2% of fund size	Scale $20k + 0.15% of fund size
Fund admin
Use an Infra One entity as your fund's GP and advisor
Provide Infra One with your GP entity to run a self advised fund
Legal fund formation
Use an Infra One entity as your fund's GP and advisor
Use custom documents drafted by your own legal counsel
Fund administration
Fund bank account setup & management
Portfolio & investment dashboard
Investor portal
Capital calls & drawdowns
Deal closing workflows
Wire execution & capital tracking
Custody account coordination
Document storage
Transfers & distributions
Investor onboarding & compliance
Digital LP onboarding
KYC/KYB verification
AML/sanctions screening
Accredited investor verification
Subscription document processing
FATCA/CRS reporting
Ongoing compliance monitoring
Platform services
Fundraising platform
Account management
Fund filings
Investor closing
Transaction review & execution
Valuation support
Invoicing & expense management
Fund payroll coordination
Fund tax services
Unaudited financial statements	–	Annually	Quarterly
K-1 preparation & distribution
GAAP-compliant reporting	–	Annually	Quarterly
	Get started	Get started	Get started

Fund admin

Use an Infra One entity as your fund's GP and advisor

Provide Infra One with your GP entity to run a self advised fund

Legal fund formation

Use an Infra One entity as your fund's GP and advisor

Use custom documents drafted by your own legal counsel

Fund administration

Fund bank account setup & management

Portfolio & investment dashboard

Investor portal

Capital calls & drawdowns

Deal closing workflows

Wire execution & capital tracking

Custody account coordination

Document storage

Transfers & distributions

Investor onboarding & compliance

Digital LP onboarding

KYC/KYB verification

AML/sanctions screening

Accredited investor verification

Subscription document processing

FATCA/CRS reporting

Ongoing compliance monitoring

Platform services

Fundraising platform

Account management

Fund filings

Investor closing

Transaction review & execution

Valuation support

Invoicing & expense management

Fund payroll coordination

Fund tax services

Unaudited financial statements

Annually

K-1 preparation & distribution

GAAP-compliant reporting

Annually

Get started

Built on a foundation of expertise and seamless execution

Launch in weeks, not months

Get your fund up and running quickly with our streamlined process

SEC-compliant setup

Work with administration and compliance workflows aligned with U.S. requirements

Transparent cost structure

No hidden fees. Clear, predictable pricing that scales with you

SEC-compliant fund setup and administration in the United States. End-to-end and fully supported.

Expert support

Capital calls

Distributions

Administrative setup

Fund reporting

Fund taxes

Regulatory filings

Audit support

The suite of Infra One's tools are designed to save you time and help you focus on growing your investments, not on completing administrative tasks.

Get started

Chosen by leading funds and institutions

I launched my first two funds on AngelList. Infra One is what I wished existed back then — a truly global service with real ambition to handle formation and admin across jurisdictions, not just US-only.

Andreas Klinger

GP, Prototype Capital

From entity formation to LP onboarding to quarterly reporting, Infra One handled it all so I could focus on deploying capital. What would have taken months with lawyers and accountants was done in weeks.

Nicola Sinclair

GP, Twin Track Ventures

Compliance, tax filings, investor reporting — the stuff that buries first-time managers is exactly what Infra One takes off your plate. We launched with proper infrastructure from day one.

Simon Lancaster

GP, Omni Ventures

First Delaware LP? Read this before you file. (Or just let us do it!)

SEC exemptions, accredited investor rules, and the tax details your lawyers will charge you to explain.

RegulatoryUS

Building a compliance program for your first fund: what the SEC actually expects

The SEC examines newly formed fund advisers with increased frequency. Here is how to build a compliance program that holds up under scrutiny.

Antonis ManogiannakisHead of Fund Operations

Read article >

TaxUS

Carried interest taxation under Section 1061: what fund managers need to plan for

The three-year holding period for carried interest catches many first-time managers off guard. Here is how Section 1061 works, where the structuring traps are, and what to get right before your first close.

Michael StröckCEO & Co-Founder

Read article >

Also available in

United Kingdom Germany Austria Cayman Islands Luxembourg India Singapore ADGM

The Delaware LP, minus the Delaware-sized legal bill

Starter

Growth

Scale

Starter

Growth

Scale

Starter

Growth

Scale

Transparency that makes every option easy to understand

Built on a foundation of expertise and seamless execution

Launch in weeks, not months

SEC-compliant setup

Transparent cost structure

SEC-compliant fund setup and administration in the United States. End-to-end and fully supported.

Chosen by leading funds and institutions

First Delaware LP? Read this before you file. (Or just let us do it!)

Building a compliance program for your first fund: what the SEC actually expects

Carried interest taxation under Section 1061: what fund managers need to plan for

Also available in

Common questions, clear answers

Take the next step toward seamless fund management