How to start a FUND during the Coronavirus debacle ?

[Ben McMahon]

I have raised money before, but its always been from investors that I know on an individual project basis.  What I don't know much about is starting a Fund.  I see there may be a good opportunity over the coming months and I want to get the money committed.  What does an offering like that look like?  

My idea would be to have myself and maybe another person or two manage the fund over the next 5-7 years when it may be a good time to liquidate.  The dollar amount I have in mind is about 50mil.  Asset class im still working out.  The money I have verbally committed.  I just want to present them with a valid proposal that looks profession , and have me understand all the legalities.  Which I don't at this point.  Any pointers would be great.  Im In SoCal