# A comprehensive guide for emerging fund managers

Starting a VC firm is a complex process. Leverage our free resources as you build your first fund.

## Getting started

Author: Josephine Koh  
Date: August 2024  
featured article  
Choosing the right jurisdiction depends on your fund's goals, investor base, and regulatory preferences. Here is a breakdown of six non-U.S./Europe regions favored by fund managers.

Fund Formation  
December 2025  
Learn the essential steps for launching a venture capital firm, from developing an investment thesis and structuring your fund to managing the complete fund lifecycle.

Investors  
March 2026  
A fund investment thesis is the blueprint for your fund's strategy, guiding everything from fundraising to daily fund management. Learn how to write an investment thesis to develop a winning fund strategy.

Investors  
September 2022  
Learn what it means to close a venture capital fund, including the different stages and steps.

The Venture Playbook: Starting a fund  
Learn the ins and outs of venture — from launching your firm to supporting your portfolio companies.

[Download](https://fund-forecasting@carta.com/sg/en/learn/resources/starting-vc-fund-playbook/?ir=learn-fund-formation-collection)

## VC 101 video course

**Venture Capital 101**  
Learn the fundamentals of starting a venture capital fund.

VIDEO COURSE  
**What’s a venture capital fund?**  
Meet the VC fund: learn what it is, how it’s different, and the unique structure that organizes it.

VIDEO COURSE  
**How VC funds are structured**  
See how management companies, fund entities, and general and limited partners make up a VC firm.

## Popular tools

[**LP pitch deck template**](https://fund-forecasting@carta.com/sg/en/learn/private-funds/management/portfolio-management/investor-pitch-deck/)  
[**Investor update template**](https://fund-forecasting@carta.com/sg/en/learn/private-funds/management/portfolio-management/investor-updates/)  
[**IRR calculator**](https://fund-forecasting@carta.com/sg/en/learn/private-funds/management/fund-performance/irr/)

## Fund structures

[**Venture capital fund structures**](https://fund-forecasting@carta.com/sg/en/learn/private-funds/structures/)  
[**Limited partner (LP)**](https://fund-forecasting@carta.com/sg/en/learn/private-funds/structures/limited-partner/)  
[**General partner (GP)**](https://fund-forecasting@carta.com/sg/en/learn/private-funds/structures/general-partner/)  
[**Limited partnership agreement (LPA)**](https://fund-forecasting@carta.com/sg/en/learn/private-funds/structures/limited-partner/lpa/)

## Fund management & performance

Author: Rita Astoor  
Date: January 2025  
featured article  
Understand the key components of fund management for private equity and venture capital funds. We'll cover how fund management works throughout a fund's lifecycle—from capital allocation, risk management, portfolio company oversight, asset management, and fund administration.

Fund Management  
November 2025  
Learn how carried interest works for private funds, including fee structures, waterfall models, and tax treatment for fund managers.

Investors  
July 2025  
When fund managers are ready to invest in a private company, they usually have to make a capital call first. Learn more about capital calls in private equity and venture capital.

Investors  
June 2025  
Learn how to measure investment fund performance. Explore key metrics for VC and PE funds—including IRR, MOIC, and ESG integration—for smarter investing.

## Tailored support for APAC

[**Why Carta came to Singapore**](https://fund-forecasting@carta.com/sg/en/blog/carta-singapore/)  
[**Carta announces Middle East expansion**](https://fund-forecasting@carta.com/sg/en/blog/carta-middle-east/)  
[**Carta strengthens its commitment to the Australian market**](https://fund-forecasting@carta.com/sg/en/blog/carta-australia-expansion/)  
[**Why Feedback Ventures became a Carta customer**](https://fund-forecasting@carta.com/sg/en/customer-stories/feedback-ventures-video/)