PE Information Memorandum
I am currently working on establishing a PE Fund and am in the process of preparing a PPT to raise funds for the fund. Does anyone know where i can go to find info/template to give me some structure/advice?
If you dont know how to draft an offering memo for a fund-raising roadshow then that means you have no experience fund-raising/deal experience. Ha. Good luck with your endeavor. I bet your roadshow will be wildly successful. What do you think this is 2006 when people were throwing money at any moron involved in alternative investments?
It is nearly impossible to raise a fund without a track record. Maybe if you provide some additional information we can be more helpful bc as it stands your inquiry is laughable.
Just to clarify, and I'm not poking fun - did you mean PPT as in Powerpoint, or did you mean PPM as in Private Placement Memo?
Unfortunately, junkbondswap is right, although I'm not sure what your experience or expectations are. However, you're asking some pretty basic questions here so it only goes to assume that you're relatively young and have little to no experience in PE, which will make it extremely difficult to raise any funds. If your primary objective is to raise a few million dollars or even upwards 50 million dollars, it can be done with no experience (what I like to call "Country Club money").
I don't know where you can find a template for a PPM, but having re-written one I can tell you they are very lengthy, very in-depth and very repetitive.
Good luck.
Just to give an example, some former partners of my firm spun off and tried to take raise a relatively modest fund of 300-500mm. It's been almost 18 months and they haven't raised a single dollar, despite upwards of 70 years of PE experience between all of them (they have several LP's lined up with contingencies but no hard commitments). It's a rough environment out there.
bingo. i am willing to bet that lps are much, much more comfortable with the megafunds and funds with good track records.
a mega can probably raise 5-7 billion now when they used to be able to get to 5-10 on the first close.
If you are serious, retain the legal advisors and they'll draft one up based on what they've seen as market terms (eg. ECI tax structuring, LPAC, Co-investors, competing vehicles etc) you can go from there.
... send me a message if you'd like to discuss. It's not a template... I have a couple from existing PE shops.
are you at AEA?
Come on now, do you really think I'd answer that?
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