We were optimistic that our H2 fund would be in operation within 6 months. It took us nine months to get it up and running. We ended up spending eighteen months to reach our desired amount. At that point there was only 80% of our operations were completed.
Our optimism began early. On our first outing we were unsure of how many steps we needed to complete to establish the venture fund. Now, we know because it's codified. There's at least the minimum of 210 steps. While there's likely to be many more steps we'll must add to that list, we're certain that is close to the minimum number.
Are you unsure about the numbers? The list is now accessible to anyone who wants it. We've gathered all the lessons we've learned and created a ton more code to enhance the creation of investment vehicles thanks to First Degree Global Asset Management, MAS licensed fund managers. Schedule a session here with us
We have combined our resources to develop a system that can reduce the time it takes to design investment vehicles and build operational support. This can be accomplished in a matter of days or hours. What exactly is operational support? Operational support is basically the ability to:
develop a site and operate on a platform
There are numerous options in the field of fund structure
Incorporate a licensed, knowledgeable, and competent external fund manager
Choose from a list of administrators or add an administrator to your fund manager
add your choice of auditor firm
Designate directors and advisors
tap into a global deal origination network
set up an automated deal analysis process
Set up an investment committee
AML and KYC checks
Interface with users who speak different languages or have currencies
AI is utilized for analysis and basic DD
Give stakeholder access your portfolio
Automate the fund accounting process, report generation as well as other manual processes
Yes, that's what we are aware of. It's amazing that we can deliver this level of functionality in a matter of hours or days. It is crucial to first feel the pain of performing things several times before automating it.
That's done. The notes no longer are notes. They serve as documentation for the methods that we used to design investment vehicles. We also commercialized Hatcher+ Venture-As-a-Service Technology ("VAAST") which is a multi-award-winning technology that allows the work of a whole year to be compressed into just a few days.
The platform was designed to enable serious scale - and, on the 1st of October 2021, we'll begin expanding our client base to our pilot partners. Contact us if you're multifamily or bank manager, wealth manager or financial adviser who wants to create private investment vehicles for your clients. This is an efficient process that is quick, efficient, and thorough. procedure.