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Investing with my Fidelity IRA account.
We successfully invested into a DLP fund that was already approved by Fidelity for investing with my wife's IRA account. Now I am looking for approved investments with Fidelity for my IRA. Unfortunately, Fidelity will not give me access to their approved list. So I have to do this the hard way. Anyone else invested with their Fidelity IRA into an alternative investment recently that I can look into the fund to see if it might be right for myself?
Hey @Bradley Miller - while a tad late on the reply, I figured better later than nothing!
We have been with DLP over 5 years now, extremely happy with them. I tried the same with Fidelity several years ago, however they insisted that I keep 7 figures in brokerage (outside of private equity), so we didn't stick around long... in fact Im all but liquidated there myself. DLP can turn you onto several third party custodians... Im currently using Midland and Forge for qualified funds.
As for "who might be the preferred operators"? Over time we have changed out buy-box and that seems to weed out most of the 'questionable' operators... Were looking for tenure (15+ years) - that right there eliminates 80%+ of the list.... Significant AUM - like 1B+ (further cuts that list down)... but watch you don't get into something that's "too large". This far its produced three that we work and invest with. There are a few that are either "really close" of simply don't fit other criteria that we want (one example, a group looked quite promising, however when digging into the PPM / OM's we found that the whole thing was based in the Caymans... that's a great place to vacation, and I really liked the Caymans... however I don't want to have to figure out the legal structure of something that's not US based should I ever need to.... so, that's not one were invested in).
Feel free to reach out privately - always willing to chat.
Quote from @Matt A.:
Hey @Bradley Miller - while a tad late on the reply, I figured better later than nothing!
We have been with DLP over 5 years now, extremely happy with them. I tried the same with Fidelity several years ago, however they insisted that I keep 7 figures in brokerage (outside of private equity), so we didn't stick around long... in fact Im all but liquidated there myself. DLP can turn you onto several third party custodians... Im currently using Midland and Forge for qualified funds.
As for "who might be the preferred operators"? Over time we have changed out buy-box and that seems to weed out most of the 'questionable' operators... Were looking for tenure (15+ years) - that right there eliminates 80%+ of the list.... Significant AUM - like 1B+ (further cuts that list down)... but watch you don't get into something that's "too large". This far its produced three that we work and invest with. There are a few that are either "really close" of simply don't fit other criteria that we want (one example, a group looked quite promising, however when digging into the PPM / OM's we found that the whole thing was based in the Caymans... that's a great place to vacation, and I really liked the Caymans... however I don't want to have to figure out the legal structure of something that's not US based should I ever need to.... so, that's not one were invested in).
Feel free to reach out privately - always willing to chat.
would love to chat about what funds you invested in, the criteria for your investments, and which ones you like @Matt A
