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PACT customization

PACT Domicile & Management Company

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Jun 27, 2023
Since at this stage, legal hasn't been engaged, the management company and the fund have not been established. What format of names should be used in the PACT for the management company and fund? 
What if the domicile hasn't been decided. Might be US, might be Israel. How do we appropriately amend the PACT where the inserts [ ] are to make sure it is all encompassing?
1 answer
1
Mike Suprovici
Accepted Answer
Jun 27, 2023
The PACT is a non-binding letter of intent. You can use your proposed names for your fund in the PACT until your form your entities on first close. With regards to the domicile, given that likely will domicile in Delaware and because it's by far the most popular domicile for funds, I would just leave it as is. If the LPs that sign the PACT prefer that you change the domicile later in the process, you can always edit the PACT moving forward to accomodate your local jurisdiction. 

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