Words to the wise advisor.

The right partner is essential when launching a fund, launching a liquid-alt fund or converting a fund. Launching or converting a fund involves making a series of choices. None of these choices has a single right answer: each entails making tradeoffs between degrees of cost, control, convenience and time—and the right tradeoffs for one advisor may not be right for another.

Although the basics of launching and converting a fund are relatively straightforward, a wide variety of wrinkles and potential pitfalls can complicate matters and influence the degree to which the effort meets your business goals. A trusted partner can help you make the right decisions for your firm.