Structura
Propose a structure. Structura stress-tests it, iterates, proposes alternatives and checks the rules.
Built for fund managers, fund lawyers and structuring teams. Investors and placement agents use it to read a structure quickly.
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Structura
Draw it, or describe it in words, from a chart or from a PDF, and Structura puts it on the canvas. Ask why a vehicle is there and see what removing it would change.
The tax and regulatory issues for each investor type and asset class: UBTI, ECI, FIRPTA, withholding, plan assets, the offering exemption, the Investment Company Act exclusion, adviser registration, the CFTC exemptions and the state rules. Each finding leads with its conclusion and cites its authority.
Structura proposes the structures the facts support, checks each one the same way and ranks them for complexity, cost and fit, with the reasoning shown.
Returns to each investor class under the stated terms, simulated across market outcomes, and the cost to form and run each vehicle on a rate benchmark you can change. For a master‑feeder, the fund is priced with and without the offshore feeder.
The Design Report is the main document: the structure as drawn, its design notes and the planning points, with the reasoning and the authorities attached. The comparison, the economics, the Decision Table and the cost structure come out as reports to share with the deal team.
Structura
More short videos, one fund or one rule each, on the Videos page.
A venture fund in under two minutes: built from a few answers, checked, the alternatives built and ranked, and the one fact that would change the answer.
Structura
The findings, the ranking and the costs come from rule logic, not from a language model. The same facts give the same answer every time, and every answer can be inspected and re‑run. Each fact that decides a result is marked as stated by you, derived from the drawing or modeled by assumption. Where the facts do not answer a question, Structura leaves it for you. You make the decisions, not AI.
AI proposes and explains. It puts a structure on the canvas from a description, a chart or a PDF, applies changes you describe in words, proposes further variants for Structura to build, check, cost and rank, and explains in plain language what the rules found. It never decides a finding, a ranking or a cost, and never changes a fact. Where it matters, it asks rather than guesses.
Structura
Structura covers the ground that comes up in U.S. and Cayman fund formation: single and parallel funds, master‑feeder, blockers, AIVs and private REITs; taxable, tax‑exempt, ERISA and non‑U.S. investors; federal tax, the Investment Company and Advisers Acts, the Securities Act, ERISA, the CFTC exemptions and state rules; and more than 40 asset classes.
| Area | What is modeled | What the analysis does |
|---|---|---|
| Structures | Single fund, parallel funds, master‑feeder, blockers in their usual positions, AIVs, private REITs, season‑and‑sell credit structures, and the related vehicles: co‑investment and deal vehicles, sponsor holding companies, special‑purpose sleeves. | Generated, checked against the rules, costed and ranked. |
| Investors | Taxable, tax‑exempt, ERISA and benefit plans, non‑U.S., sovereign, foreign pension, banks; each with its securities status: accredited investor, qualified client, qualified purchaser. | Each investor type drives the tax and regulatory findings. The securities status drives the offering exemption, the Investment Company Act exclusion and whether performance fees may be charged. |
| Rules | Federal income tax; the Investment Company Act; the Advisers Act and state adviser rules; the Securities Act and blue‑sky filings; ERISA; the CFTC exemptions; state fund taxation. | Applied to the facts on the canvas, at the level of the structuring decision: which exemption, which vehicle, which investor needs blocking, what it costs. Each finding cites its authority. |
| Assets | More than 40 asset classes in 12 groups: venture, buyout, private credit, secondaries and GP stakes, real estate, infrastructure and natural resources, leasing, royalties, structured credit, liquid securities, digital assets, commodities and prediction markets. | Each asset class is assessed for its tax characteristics, liquidity and regulatory treatment. |
| Economics and cost | Distribution waterfall and NAV‑based fund models; management fee, carried interest and expense terms; leverage where the structure carries it. | Cash flows and net returns by investor class, simulated across outcomes. Formation and running costs for each vehicle on a stated rate benchmark. |
| Jurisdictions | U.S. entities in every state; Cayman exempted partnerships and companies. | Cayman vehicles are modeled for their U.S. tax and regulatory consequences and for their costs. |
Structura
Access is by invitation during the beta. Tell us a little about what you do and we will take it from there.
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