Parent LLC Agreement.
This agreement sets out the organization and the management of the company and its series. The Parent LLC is a non-operational company, its initial member is the Deal Lead and Sydecar is the Administrator.
Feeder Fund LLC Operating Agreement.
This agreement lays out the rights and obligations of the Members, Administrator, Organizer and Advisor. It is equivalent of the Limited Partnership Agreement of a traditional GP/LP fund. It details the management of the Fund, liabilities of the parties, distributions (and carried interests), fund expenses, management fees dissolution and liquidation, records, reports and taxes, transfers, and any other matter affecting the Fund.
Feeder Fund LLC Subscription Agreement.
The Subscription Agreement is the document signed by the investor to confirm its commitment amount in the fund, and to make certain statements and representation required for compliance with securities laws (e.g. that every Member is an “Accredited Investor”).
To facilitate the administration of the Fund, the Member is granting a power of attorney to the Administrator to undertake certain administrative tasks. E.g. make tax filings on their behalf, such as K-1 filings*.*
Target Company LLC Agreement.
This agreement lays out the rights and obligations of its Members, the Fund and the Co-Investors SPV (if any). This is a non-operational company, set up for the sole purpose of holding the securities of the target company. Any follow-on investment rights will be exercised at by the Fund.
Advisory Agreement.
This Agreement describes the services rendered by the Advisor to the Fund and its compensation.
Master Service Agreement
This is the agreement between Sydecar LLC and the Fund/Deal Lead to provide administrative and operational services to the Deal Lead, the Fund and its Members.