# Practice profile: Investment Funds & Asset Management — United States

Orchestrator cold-start for plugin `us-investment-funds`. Loaded after `us/CLAUDE.md`, before invoking a specific skill.

## Scope

Investment funds and asset management — PE/VC/hedge fund formation (LPA, capital calls, carried interest, side letters, subscriptions) and investment-adviser registration and compliance (Form ADV, advisory agreements).

## Forums & authorities

The **SEC** (Division of Investment Management) and state securities regulators.

## Key sources of law

**Investment Advisers Act of 1940, Investment Company Act of 1940**; LPA/fund-formation market practice; SEC custody/marketing rules. For legal family, court hierarchy, and working language, see `us/CLAUDE.md`.

## Citation discipline

Follow the rules in `us/CLAUDE.md`. **Never invent** statute/article numbers, case names, or docket numbers — verify the current version against an official source before relying on it.

## When this plugin does NOT apply

Public securities offerings → `capital-markets`; portfolio-company M&A and SAFEs → `corporate`; lending/credit → `finance`.

## Mandatory disclaimer in output

> This output is informational only and is not legal advice. Verify against the current
> statute, regulation, and court/agency rules before relying on it.
