Crowdfunding LMM dealsSubscribe
After working on two deals as a fundless sponsor, and seeing the booming interest in the SMB space I've been tinkering with a new project. A crowdfunding platform to raise LP funds for typical LMM PE deals.
The platform could allow syndicators (or fundless sponsors) to bring deals to the table, and raise equity or debt via the platform.
I understand the downsides regarding syndicating, time to deal close, and the fact that professional LP's might bring more than just capital.
This could be structured like Fundrise where it's essentially a fund where the LP's are just small investors. Or it could be like Angel.co with syndicators bringing deals and finding funding via the site.
If successfully launched, getting funding to underwrite deals ourselves would speed up the closing process.
Interested to get some feedback to see where the biggest blind spots are.