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Updated over 4 years ago on . Most recent reply

User Stats

330
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Ben McMahon
  • Contractor
  • San Diego CA
137
Votes |
330
Posts

How to start a FUND during the Coronavirus debacle ?

Ben McMahon
  • Contractor
  • San Diego CA
Posted

I have raised money before, but its always been from investors that I know on an individual project basis.  What I don't know much about is starting a Fund.  I see there may be a good opportunity over the coming months and I want to get the money committed.  What does an offering like that look like?  

My idea would be to have myself and maybe another person or two manage the fund over the next 5-7 years when it may be a good time to liquidate.  The dollar amount I have in mind is about 50mil.  Asset class im still working out.  The money I have verbally committed.  I just want to present them with a valid proposal that looks profession , and have me understand all the legalities.  Which I don't at this point.  Any pointers would be great.  Im In SoCal

  • Ben McMahon
  • Most Popular Reply

    User Stats

    1,196
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    651
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    Nate Marshall
    • Financial Advisor
    • Evergreen, CO
    651
    Votes |
    1,196
    Posts
    Nate Marshall
    • Financial Advisor
    • Evergreen, CO
    Replied

    You will still need to do a PPM and file Form D with the SEC. If you have a relationship with them you can do a 506(B) but if not look at a B. You will still need an attorney. I would suggest you talk to Jillian Sidoti and you can find her on BP or at www.crowdfundinglawyers.net 

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