Fund formation is executed as a coordinated project where all components, including legal, compliance, operations and governance, are managed through a single point of accountability.

Clients gain access to a unified framework that eliminates fragmentation and ensures institutional-grade outcomes.

Scope includes

3
Design of governance and delegated authority structures
4
Management of legal, accounting, compliance and reporting functions
2
Selection of jurisdiction, regulatory category and corporate structure
1
Structuring of fund entities & vehicles across asset classes
Delivery framework & governance support
Fund formation services

Our partners combine institutional fund management, legal, and operational experience across DIFC, ADGM, BVI, Cayman, and Luxembourg.

We ensure institutional-grade outcomes through an integrated, agile model that mirrors an in-house team: one process, one point of contact, and senior professionals with experience across private practice, in-house and direct operations.

Output set

An investment vehicle that is compliant, operationally ready, and delivered through an institutional yet agile framework aligned with international investor standards.

Why K41
Overview

K41 provides end-to-end fund formation services designed for institutional and emerging fund managers operating across DIFC and ADGM.

We design and deliver investment vehicles that meet regulatory, operational and investor standards from inception through first close.

Engagement phases

K41 applies a structured project management model from the first diagnostic phase through launch.

Each workstream (legal, financial, compliance, operational) is managed within a unified delivery framework.

Management of all fund, investor and counterparty documents
Documentation & negotiation
Development of the fund’s commercial and legal blueprint
Structuring &term sheet
Provider appointments and system setup
Operational onboarding first close
Analysis of your business strategy, profile and options
Discovery & jurisdiction
3
Liaison with DIFC or ADGM authorities throughout the process
1
Administrator, custodian, transfer agent, fund manager, law firms
2
Opening of bank and custody accounts
Execution & delivery

We oversee each operational and regulatory milestone through to launch, functioning as your in-house fund formation team to select, engage, and manage key providers such as law firms, auditors, fund managers, and administrators.

This ensures that all external contributions are fully coordinated and aligned with your objectives.

Execution scope

Deliverables

Output

Each engagement produces a clear and auditable set of outputs, providing a comprehensive record of the fund’s establishment process.

Complete fund documentation suite
Structure memorandum & term sheet
Project execution roadmap with milestones
Operational playbook & compliance manual
Documentation suite

Typical documentation includes

K41 coordinates the full documentation process, ensuring alignment between the fund’s strategy, structure and key providers.

Term sheet
Limited partnership agreements (LPA)
Subscription documents & investor declarations
Offering memorandum
Side letters
Management, administration, and custody agreements
Compliance and reporting framework manuals
Project management approach
Integrated service model