James Beeby authors "Private Equity Fund Formation: Overview" for Practical Law.  This Practice Note provides an overview of private equity (PE) funds formed in Canada, discussing the key considerations involved in forming a private equity fund. It covers the general structure and key entities involved in the fund, fund economics (including fund fees and expenses), fundraising and closings, fund term, fund investment and divestment periods and certain regulatory matters affecting fund formation. This Note also describes the principal legal documents involved including the fund limited partnership agreement, management agreement, subscription agreement and side letters.