We had hoped that our H2 fund would be operational within six months. We actually expected it to take nine months. We took 18 months for the process to get to our desired level of operation. We were only at the 80% mark..
One of the factors that contributed to our initial optimism? Our first venture was a daunting undertaking. We were unaware of how many steps we'd need to complete in order to set up a venture capital fund. We have now a better understanding of the steps required to create the venture fund. Although there's a good chance that there are several more steps to include, we think that this is the minimum number.
Are you skeptical about the number? Check out our list. We've taken all our learnings and created an abundance of code to enhance the creation of investment vehicles. Thanks to First Degree Global Asset Management, MAS licensed fund managers.
Using the resources of our combined teams, we've built a systematic approach that can reduce the time required to build an investment vehicle, and ramp up operational support from months to days - or even hours. What exactly is operational support? What does operational support mean?
Create the website and operate it on a platform
Choose from a variety of fund structures
Add an experienced, licensed, and competent external fund manager
Create a fund administrator (or select from a range of admins)
add your choice of audit firm
Nominate directors and advisors
tap into a global deal origination network
Create an automated procedure for deal analysis
Set up an investment committee
AML as well as KYC check
Interface for users who use various languages and currencies
use AI for analysis as well as basic D
Your portfolio must be available to stakeholder parties
Automate the process of fund accounting, reporting as well as other manual processes
Yes, we know. It's amazing that we could deliver this level of functionality in just a couple of days or hours. To automate a process in a systematic manner, you must first endure the pain of performing it manually over and over again and take notes.
We've completed it and the notes no longer exist - they are the entries in the documentation that were made to enable the quick, simple automated creation of investment vehicles. They also facilitate the commercialization of the Hatcher+ Venture As-A-Service Technology ("VAAST") which is the multi-award-winning data analytics platform which cuts the length of a year to just a few days.
This platform is designed for serious scale. And on October 1 2021 we'll be able to add clients to the Pilot Partners. Contact us if you're multifamily or bank, wealth manager or financial advisor looking to set up private investment vehicles on behalf of your clients. It's a simple, fast, and complete procedure.