Our initial expectations were that the H2 fund would be operational within six months. We had actually anticipated it to take nine months. The process took us 18 months to reach our desired level of operations and at that moment, we were only 80% ready.
One of the main reasons behind our early optimism? The first venture we launched was a difficult undertaking. We were unaware of how many steps we'd have to follow to create a venture capital fund. We now know - since we've codified it , and it's at least the number 210. While there could be more actions to be added to that list we are pretty certain that it is near the minimum.
Are you unsure about the numbers? Take a look at our list. We've taken all our learnings and created a ton more code to improve the creation of investment vehicles thanks to First Degree Global Asset Management, MAS licensed fund managers.
Our teams have developed a systematic method that can reduce the time and effort required to set up an investment fund and offer operational support. We're able use the resources of our teams to accomplish this in the hours, not days. What is operational support? Operational support refers to basically the ability to:
Make a website.
You can pick from a variety of types of fund structures
Include an experienced, fully licensed external fund manager
add a fund administrator (or select from a range of administrators)
Select the best audit company
Directors and advisors are nominated.
tap into a global deal origination network
Establish an automated deal evaluation process
set up an investment committee
Do KYC and AML checks?
Interface that supports multiple languages and currencies users
Use AI for analysis as well as basic analysis and basic
allow stakeholder access to your portfolio
Automate the accounting and reporting of funds and other manual tasks
That's all we know. It's incredible that we can achieve this level of functionality within a matter of hours or days. To automate a process in a systematic manner first, you have to undergo the hassle of repeating it manually as well as take notes.
We've now finished the process and these notes are no more notes and now form the documentation entries above our codified methods for enabling the quick and simple, automated creation of investment vehicles and the commercialization of the Hatcher+Venture-As-As-A- ("VAAST") platform an award-winning technology platform that allows a year's time to be reduced to a couple of days.
The platform was designed to scale. We'll be with the addition of clients to the pilot partner network the 1st of October 2021. We'd love to talk with you if you're a multi-family bank or wealth manager or private bank advisor looking to establish private investments for your customers. It is a fast, efficient and complete process.