We were optimistic that our H2 fund would be operational in just 6 months. It took us nine months to get it up and running. The process took us eighteen months to reach our desired level of operation - and at that time, we were only 80% complete.
Our excitement began in the early days. When we launched our initial venture, we did not know the number of steps would be required to establish the venture fund. We now know because we've codified the process. It's at least 220. There are probably many other steps we need to add, but that number is close enough.
Are you doubtful of the list? The list is accessible to everyone. We've also taking our lessons and developed a plethora of code and have created a better approach to creating investment vehicles - with the help of MAS-licensed fund managers First Degree Global Asset Management.
Our teams have developed an organized method to cut down on the time and effort required to create an investment fund and offer operational support. We're able to leverage the resources of both our individual teams to complete this task in the hours, not days. What exactly is operational support? What exactly does the term "operational support" mean?
Create the website and operate it on a platform
You can pick from a variety of types of fund structures
Add an experienced and licensed manager of funds from outside
Include the name of a fund administrator (or choose from a range)
Select the best audit firm
Designate directors and advisors
tap into a global deal origination network
Set up an automated process for deal analysis
set up an investment committee
Do KYC and AML checks
Interface for users who use multiple languages and currencies
Make use of AI to perform basic analysis. use DD for more advanced analysis.
Allow stakeholder access to your portfolio
Automate fund accounting, reporting or any other manual tasks
Yes, that's what we are aware of. It is amazing that we can attain this level of functionality in just a few hours, or even days. The first step to the process of automating a process is to go through the pain of doing it manually several times and then take notes.
After we've done this, the notes will are no longer notes. They're now documentation entries for the codified processes we designed to enable the quick, easy automated development and commercialization Hatcherand Venture-Asa-Service Technology ("VAAST") platforms. This platform, which is multi-award-winning and data analytics platform, allows for a year's time to be reduced to just a couple of days.
This platform is built to enable serious scale - and, on the 1st of October, 2021, we'll be moving to add new clients to our pilot partners. If you're a multifamily office or wealth manager, private bank, or an advisor to financials seeking to create an investment vehicle that is private for your clients , using a process that is fast efficient, reliable, and comprehensive We'd love to talk with you.