Cap table adjustments for the ManCo are managed by the firm’s legal counsel. There are no short cuts here because mistakes in this are have severe consequences and are often fatal.

We dedicate significant time to cap-tables during Decile Launch since the consequences are so severe.

The most critical component is that you must be extremely careful about whom has ownership in the ManCo. Owners of the ManCo have ownership in all future funds. Therefore you must avoid giving ownership to people or entities or investors who are not build the Firm with you over multiple funds.