No, you hold off on the press release stuff until you've got something to "press release" about. Start going on about plans to set up a fund, and then we've almost started the fund, and then hey here's another stage of starting it, and by the time you've got the actual news to report everyone's lost interest. Set it up fast, yeah, but don't go jumping the gun.
If nobody else is willing to start, I can give it a shot this weekend. I know ****-all about law and don't exactly, y'know, pay taxes or anything, but I can do boring paperwork as good as the best of 'em. Uh, unless it involves hand writing, in which case I'm about as good as a mongoloid first-generation immigrant from Iran with no arms.