The initial expectation was that the H2 fund would be operational within six months. We actually expected to wait nine months. We took 18 months before we reached the desired level of operations. At that point we were only at 80percent ready.
One of the factors that contributed to our early optimism? When we first began the venture fund we did not know how many steps there were. Now we know , because we've codified it. The answer is at least 210. And while there's probably several other steps that we still need to add to that list, we're pretty confident that's close to the minimum count. Set up a session with us
Are you unsure about the number? We've made our list available to anyone who wants to check it out here. We took all of our knowledge and created a ton of code, and came up with an easier method of creating investment vehicles - with the help of First Degree Global Asset Management, MAS fund managers.
With the help of our teams we've built a systematic approach which can cut down the time required to build an investment vehicle and build operational support from months to days - or perhaps hours. What exactly is operational support? Simply put, the term "operational support" is the capability to:
Create a website and an operating platform
pick from a variety options for fund structures
Add an experienced and licensed administrator of external funds
Create a fund administrator, or select from a range of admins
Incorporate your selection into an audit firm
Designate directors, advisors and other officials.
tap into a global deal origination network
Set up an automated process for evaluating deals
Create an investment committee for investment
do KYC and AML checks
Interface with users who use several languages and currencies
AI is utilized for analysis and for DD basics
Give stakeholder access your portfolio
Automate fund accounting, reporting, or other manual functions
Yes, indeed. It's amazing that we can deliver this level of functionality in just a couple of days or hours. The first step to automating a process in a systematic manner is to do the process manually several times, and take notes.
It's over. Those notes are no more notes. They are now documents for the processes we employed to develop investment vehicles. We also commercialized Hatcher+ Venture-As-a-Service Technology ("VAAST") The multi-award-winning technology that allows an entire year of work to be compressed into only a matter of days.
The platform was designed to allow serious scale. On October 1, 2021, we will be adding new clients to our pilot partners. Contact us if you're multifamily or bank, wealth manager, or financial adviser looking to create private investment vehicles for your clients. This is a fast, fast, and complete process.