The initial expectation was that our H2 fund would be operational in six months. We had actually anticipated it to take nine months. We ended up spending eighteen months getting to the desired level. And at that point there was only the majority of our operations were completed.
Our optimism began early. On our first outing we were unsure of the number of steps we had to complete to establish a venture fund. We're now aware of it - as we've codified it - and it's at minimum the number 210. We are aware of the numerous steps that must be added to the list, however we think that the minimum amount is at least 210.
The number is unbelievable! Check out our list. Even better, we have taken our lessons learned and created a large amount of code, and created an improved method of creating investment vehicles using First Degree Global Asset Management and MAS-licensed fund managers.
Our combined resources have allowed us to design a method that can cut down the time required to create an investment vehicle, and create operational support. It takes some days to complete this. Or even hours. What is it that means to provide operational support? What is operational support?
Create a website and an operating platform
Pick from a range different fund structures
Include an external fund manager licensed and experienced
add a fund administrator (or select one from a variety of admins)
Add your choice for an audit company
Designate directors and advisors
tap into a global deal origination network
Automate a deal analysis process
Create an investment committee
AML and KYC checks
Interface that supports multiple languages and currencies.
AI is used to analyze and for DD basics
Stakeholders can access your portfolio
Automate your fund accounting and reporting.
We know. It is amazing to be able to achieve this level of performance within a matter of hours or days. To automate a process in a systematic manner first, you have to undergo the hassle of repeating it manually as well as take notes.
This is done. These notes are no more notes. They serve as documents for the processes we used to create investments vehicles. We also made commercial use of Hatcher+ Venture-As-a-Service Technology ("VAAST") which is a multi-award-winning technology that enables the work of a whole year to be reduced to just a few days.
This platform is built to facilitate massive scale and, on the 1st of October 2021, we'll be moving to add new clients to our pilot partners. Let's chat if you are a multi-family bank or wealth manager or private financial advisor looking to establish private investment vehicles for your clients. It's a quick and effective process.