Companion files · The Private Markets Career Guides
How to Launch a Private Equity, Private Credit or Real Estate Fund: Structure, Terms, Domicile, Service Providers, Regulation and the Road to Final Close.
These are the companion files of the book. One workbook rebuilds the launch of Harrow Peak Capital Partners I, the fictional first private equity fund the book follows from the founders’ resignation to a $420 million final close: commitments by close and by vehicle, the management fee schedule, the launch budget and the organizational expense cap, the equalization of the second close with its interest, fee catch-up and vehicle rebalancing, an illustrative European waterfall, and ten years of the management company’s accounts with and without a second fund. A second file holds the formation checklist and timeline in editable form. No sign-up, no email is asked for, nothing is locked. Blue type is an input, black type is a formula.
The archive holds the workbook, the checklist and 00_START_HERE.md. No macros, no circular references, no external links. The workbook recalculates in Excel, LibreOffice or Google Sheets.
Chapters 3, 5, 6, 8, 13, 14 and 15
One Inputs sheet holds every assumption: closes and vehicles, fee rates and the anchor discount, the equalization interest rate, the organizational expense cap, launch budget lines, staff and other costs of the management company, and a Fund II switch. A Checks sheet puts the figures printed in the book beside the cells that compute them.
Download the workbook22 KBAppendix B
The formation checklist by phase, with an owner for each item, and the twenty-month timeline modeled on the case.
Download the checklist40 KBRead first
What each file holds, which sheet answers which chapter, and the two switches to change first.
Download the read-me2 KB| The fee | $8.04 million a year in the investment period on $420 million of commitments, after the anchor discount and the fee-free GP commitment |
| The equalization | $18.62 million due from second-close investors: $17.32 million of equalization, $0.30 million of interest and a $1.00 million fee catch-up |
| The manager | A cumulative result that peaks at $11.46 million at the end of the investment period, and turns negative without a second fund |
The files are provided as they are, without warranty of any kind. The model is illustrative: Harrow Peak, its funds, investors, service providers and portfolio companies are fictional, and the figures are the book’s assumptions, not market terms or forecasts. Nothing here is legal, tax, accounting or investment advice.