Setting up an international fund

[Charlie Wessel]

I just paid a lawyer to send me a term sheet on a fund that I would like to start for investors from out of the country to bring capital into and use that capital to fund other sponsors deals.  Does anyone have experiance doeing this or know of anyone that has experiance doing this?? I would love to talk about setting this up.  I know the deals we would look to invest the capital in and the target returns we would like from those deeals as well as the target returns we would like to distribute back to our overseas investors I just need a little help getting this moving in the right direction.  I have my accountant working on the underwriting right now and he should be finished by this coming Wed but I still have some questions about setting this up, etc.  Look forward to hearing from someone!   

[Mike Lambert]

Charlie, if you do that, you'd have to abide by the securities laws. The laws that would apply are not the US securities laws but the ones in the countries of your investors. So You'd need a legal document package for every country where you have investors and the documents would have to be drafted by lawyers in those countries. That might cos you a lot of money if you'd raise money from different countries (unless these are countries without securities laws). Maybe your lawyer mentioned that to you.