01 · Fund Formation & Legal
Side letter negotiation & tracking
Platform + expertfrom $1,500/moExpert ~1–4 hrs/mo
Bottom line
Every side letter obligation is indexed, searchable, and tied to the LP who owns it—so MFN and reporting promises never surprise the firm.
Atlas does the heavy lift; a knowledgeable operator typically spends ~2–6 hours/month.
Invoice / proposal description
- ·Side letter register with LP, clause type, and MFN flags.
- ·Obligation calendar for reporting and co-invest rights.
- ·Expert QC of new side letters against the register.
By hand today
Side letters live in shared drives; nobody remembers who has MFN until an LP asks.
On Atlas
Atlas maintains a structured side-letter register. Expert reviews new letters on intake; platform surfaces conflicts and calendars.
Deliverables
- Searchable side-letter register
- MFN / most-favored matrix
- Obligation reminders
Service levels
- New executed side letters indexed within 5 business days of receipt.
Exclusions
- — Negotiating legal terms as counsel
- — Binding LP agreements
Platform surfaces
Import & Analyzeportfolio / LP CRM fields
Prevents expensive LP relationship failures and MFN breaches.