Pool friends and family assets legally

A protective fund structure that lets you legally manage assets on behalf of friends and family and build a fund track record. No fees may be charged to investors.

All the legal docs you need

Repool provides a full set of offering documents created in collaboration with leading investment fund counsel.

At lower cost than a traditional fund

Build your track record and gain fund management experience at 50% of the cost of a “true” hedge fund structure.

But no fees may be charged to investors

The fund’s structure means that you cannot charge fees of any kind whatsoever to investors.


More than a solo track record. Less than a full fund

Able to raise some capital, but not yet ready for a true private fund with fees?

A friends and family fund is a unique in-between step that lets you gain experience managing true third-party capital and build experience for your future fund.

“I thought [launch] was going to take months
of time and effort to figure out, so it was almost anticlimactic when Repool just did the whole thing in a few weeks.”

NYC Emerging Manager
Event-Driven Equities Fund

"The Repool guys have been great to work with. They're always on the ball so we can focus on fundraising and trading without distractions."

NY Emerging Manager
Digital Asset Fund

Software that keeps things simple

Repool’s platform covers fundraising, reviewing and accepting investors, fulfilling redemptions, and tracking the performance of the fund at large and on a per-investor basis.

You just focus on trading.


Restrictions on investors

You may not charge a management fee, performance fee, or fees of any kind, so as to avoid being considered an investment adviser.

Additionally, Repool requires that you attest to only raising from pre-existing relationships for compliance and risk purposes associated with offerings of private fund interests.


Set the terms you want

Customize fund parameters like lock-up period, withdrawal periods, minimum investment amounts, and reimbursable expenses to suit your strategy and objectives.


Friends & Family Fund

Essentially an institutional grade hedge fund with full offering documents but certain restrictions, such as not being allowed to charge fees of any kind, in order to not be subject to certain regulation and compliance.

Annual Cost

setup cost$3,000
  • Est. Regulatory Fees 1varies ($1-3k)
  • Est. Tax Prep Fees 2varies (approx $4k)

What's included:

Fund Formation
Fund Docs
Fund Admin
Fund Filings
NAV Frequency
IBKR only

(1) All funds are responsible for their own blue sky filing fees, which costs on average about $500 per state.

(2) Repool’s services do not include annual tax form preparation or annual audits.

SOC II Certified


Our Investors


Our Counsel


Curious about a friends and family fund?


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Laws and regulations applicable to the sale of securities, forming pooled investment vehicles (including private funds), and investment management (including serving as an investment adviser or commodity trading advisor) are complicated and occasionally ambiguous. Relevant law may come from the state, federal, or international level, and you may be under the regulatory oversight of one or many regulatory bodies such as, but not limited to, the Securities and Exchange Commission and the Commodity Futures Trading Commission. It is your responsibility to ensure that, when forming, offering interests of and managing any pooled investment vehicle, whether supported by Repool’s administrative services or not, you are in material compliance with applicable laws including obtaining any and all applicable licenses, permits, registrations, memberships, and approvals that are required in order to form, offer securities of and manage such pooled investment vehicle.  You should not rely upon Repool in making any such determinations or as a replacement for licensed, third-party professionals.

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