Alex Prokofjev’s Post

US fund managers, if you’re starting out as a new firm and raising your first fund (or special purpose vehicle), there are a few securities laws principles that you’ll need to become familiar with: ◾ Investment Company Act of 1940 ◾ Investment Advisers Act of 1940 ◾ Securities Act of 1933 Read the details and gain practical insights from Cooley's #TheFundLawyer blog at the link below. Authors: Stacey Song, Jordan Silber, John Clendenin, Jimmy Matteucci, John Dado and Shane Goudey. #blog #thoughtleadership #funds #securities #venturecapital #privatecompanies

Focusing only on saving will limit your growth—leverage is the real game-changer. By using Other People’s Money (OPM), you can scale your investments faster and more efficiently. Why spend years saving to buy just one property when you could acquire 10 in the same timeframe using the right strategy? Leverage helps you grow your portfolio while keeping your savings available for other opportunities or emergencies. It’s how we’ve successfully purchased over 260 units across 5 countries—all without relying on joint venture partners. If building true wealth is your goal, click the link in our bio. There’s a free training video waiting for you! 👉🏻 @investormeldave #realestate #realestateinvesting #realestate101 #wealth #financialfreedom

Focusing only on saving will limit your growth—leverage is the real game-changer. By using Other People’s Money (OPM), you can scale your investments faster and more efficiently. Why spend years saving to buy just one property when you could acquire 10 in the same timeframe using the right strategy? Leverage helps you grow your portfolio while keeping your savings available for other opportunities or emergencies. It’s how we’ve successfully purchased over 260 units across 5 countries—all without relying on joint venture partners. If building true wealth is your goal, click the link in our bio. There’s a free training video waiting for you! 👉🏻 @investormeldave #realestate #realestateinvesting #realestate101 #wealth #financialfreedom

A few years ago I came up with an idea, which wasn't new by any means, just worded differently I guess. I called them Fund Pods, which were basically 5 $1 million dollar funds for accredited investors only that all invested in the same deals. The term for those funds are called sister funds, but I thought Fund Pods was better for marketing purposes. What was the point of doing a Fund Pod? Opening up access to private alternatives funds with extremely low minimums due to the 99 LP limit to smaller check writers. My thought was, if the average Angel check is $10k, why not keep that amount the same but for a managed fund? Open up more access to more people and for those who wanted to go bigger, they could with no limit. This would also increase your LP base from 100 up to 500 and if you do your job, they'll be loyal, repeat and potentially bigger investors over time. Sure, the costs of setting up and running 5 funds is more expensive and time consuming, but I think it's worth it as it's a long game strategy that's 100% mission driven. We started but never pulled the trigger on the first Fund Pod, so it's still on my list of things that I still want to try. ***These were not VC funds and required an ERA designation/filing.

What's an Independent Sponsor and could they be a good buyer for your business if it's a bit small for traditional private equity? The link has some pretty good background if you want to learn more. In essence Independent Sponsors are professional investors / buyers but they don't have a dedicated fund. Instead, once they find a deal (a business to invest in) they'll raise the capital to help acquire the business. There's certainly pros and cons and per the article, typically looking for businesses with $2+ million of EBITDA, but an option out there for sure to learn more about. #MergersAndAcquisitions #PrivateEquity #InvestmentBanking https://lnkd.in/gxaDx9Rf

In a recent Private Equity International article, Meketa’s Steven Hartt discusses the key factors and due diligence LPs should consider when evaluating co-investment opportunities, from diversification, to strategy, and more. Read more: https://lnkd.in/eq5_xEuv Disclaimer: https://bit.ly/3hJJP7G #InstitutionalInvesting

🤔 Ever wondered how private equity fund investments work? Let’s dive into 𝒄𝒂𝒑𝒊𝒕𝒂𝒍 𝒄𝒂𝒍𝒍𝒔—a crucial part of the process! 💭Imagine you commit $100k to a fund. You don't pay it all upfront; instead, you start with $25k. The rest is called in as needed. This process is known as a capital call. 💸Capital calls allow fund managers to demand the rest of the committed capital when they need it for investments or expenses. This means you get to hold onto some of your money until it's actually needed. Key terms:   - 𝐂𝐨𝐦𝐦𝐢𝐭𝐭𝐞𝐝 𝐂𝐚𝐩𝐢𝐭𝐚𝐥: Total promised investment.   -𝐏𝐚𝐢𝐝-𝐢𝐧 𝐂𝐚𝐩𝐢𝐭𝐚𝐥: Actual paid amount.   - 𝐔𝐧𝐜𝐚𝐥𝐥𝐞𝐝 𝐂𝐚𝐩𝐢𝐭𝐚𝐥: Remaining commitment. 📝Fund managers send a notice detailing your share, payment date, and bank info. You usually have 10-20 days to pay. 🤝While capital calls can be beneficial, they can also strain relationships if not handled well and come with extra costs. #PrivateEquity #InvestmentTips #CapitalCalls

Do you know a fund manager who is working on their next or new fund? I've written a guide just for them! https://bit.ly/vcfundguide July marks 4 years of working at AngelList collaborating with fund GPs on their new and next funds. Since 2020, I've connected with over 1500 fund managers—ranging from top-tier exited founders and Venture Partners from renowned funds to some of the most sophisticated managers in the industry. I've seen clients go from establishing their first SPVs to launching oversubscribed funds backed by prominent LPs. From planning Fund I with smaller LPs to transforming those into Funds II and III that attract big institutional checks! A common theme in these conversations is, “I have investors and deal flow, but what do I really need to consider to start my own fund?” To share these insights with more fund managers, I’ve partnered with AngelList to create a comprehensive guide, “How to Plan Your Fund I.” I'm sharing the link to download it below! Please share with any emerging managers, GPs, or aspiring GPs you know. If they benefit from content like this, we’ll put out more! #venturecapital #emergingmanagers #vc

Definitely not the first one in SA...lol. I'm afraid the journalist has been fast asleep the last 10+ years... or did not bother to do the research. Perhaps true though for a PE VC secondaries fund. But it also shows that despite some activity in this space still few people in SA know about PE secondaries or that there are means and ways to achieve liquidity. My partners and I have been active in this space for many years. SA life companies started investing in secondaries many years ago. Institutional investors and family offices are currently active in this space, looking at SA secondaries. My firm, JC Alpha Consulting, is actively involved in PE secondaries brokering globally. We do consulting, advisory, and brokering of traditional LP-led, GP-led, and complex structured solutions. Any sellers or buyers out there please feel free to DM me;-)

Want to grasp the VC term sheet essentials? It's a game-changer for fund managers and investors alike! Learn about the three crucial elements: liquidation rights, management participation, and exit rights. Enhance your understanding and make informed decisions. Check out the full overview here: https://lnkd.in/dxtr-GJk https://lnkd.in/gT4-tPUE