How hard to raise Fund of Funds?
Break even is about 20-25m, sub managers already picked out. Should I go for an anchor LP first or instead just spend the money on legal and start raising and generating returns?
Break even is about 20-25m, sub managers already picked out. Should I go for an anchor LP first or instead just spend the money on legal and start raising and generating returns?
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If you can and have the balls be your own anchor so to speak. If you can set up the legal and have everything done, that makes finding an anchor LP that much easier. It’s a big confidence signal for an LP to see you are already up and running and generating real returns. They like to see winners who would win even without them and then they can just throw in some money and ride coattails.
Good luck 🍀
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