The 2025 GP-side playbook.
What changed in fund terms this cycle, where LPs are pushing hardest, and how to structure a first close that actually holds up under scrutiny.
Funds · Jun 2026 · 6 min read
Partner and Founder
Shubham Soni
Mumbai
Formerly corporate and investment funds lawyer at Trilegal and Khaitan & Co, India's biggest law firms.
Specialising in investment funds, asset management, corporate and commercial (PE/VC, M&A and general advisory) and TMT practice groups. Credited with deals aggregating approximately £2.9B in value (MergerLinks), across 30+ transactions and more than three dozen funds formed.
- Previously
- TrilegalKhaitan & Co
- Credentials
- B.Com., LLB (Hons), Nirma University, 2019Bar Council of DelhiSEBI working group on perpetual capital vehicles
Practices
Where Shubham works
- Fund FormationIdea to first close in two to four months, across SEBI, IFSCA and offshore platforms.
- Limited Partner RepresentationDiligence, side letters and investor rights on India-focused allocations.
- TransactionsSeed through Series C, pre-IPO and M&A, term sheet to closing deliverables.
- Corporate & Commercial MattersDay-to-day counsel, governance and fixed-fee fractional legal support.
- Asset Management & Financial RegulatorySEBI, RBI, IRDAI and IFSCA frameworks, from licensing through ongoing compliance.
- Emerging TechnologiesRegulatory pathways and product structuring for deeptech, fintech, spacetech and healthtech.
Writing
Articles by Shubham Soni
Dealmaking in a high-rate market.
Where value migrates when capital gets expensive — and how to structure around it.
Deals · May 2026 · 5 min read
The anatomy of a clean carve-out.
Separation logic, TSAs and the diligence that keeps a carve-out from stalling.
Deals · Dec 2025 · 6 min read
Work with us
Talk to Shubham directly.
When you engage Lawple, you work with the people whose names are on the door, not a team you never meet.
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