Our initial expectations were that our H2 fund would be operational within six months. Actually, we expected it to take nine months. It took us eighteen months to reach the desired level of operations - and, at this point, we were still only 80% complete. Schedule a session with our team
One of the reasons for our initial optimism was? We weren't aware of the steps were required to establish a venture fund when we began. Now we know because we've codified it. The answer is at most about 210. And while there's probably a number of other steps we'll have to add to the list, we're confident this is near the minimum count.
Are you unsure about the numbers? Look at our list. Even better is that we've combined our knowledge with a plethora of code to develop an improved method of making investment vehicles. And this was made possible because of First Degree Global Asset Management (MAS-licensed funds managers).
We combined the resources of our teams and have created a method to cut down the time it takes to have an investment vehicle created and to develop operational support. The process can be completed in as short as a couple of hours or days. What exactly is operational support? In simple terms it's the capability to:
Create an online site and an operating platform
Select from a range of different fund structures
Add an expert, licensed and experienced external fund manager
Add an administrator to the fund (or select one from a variety of administrators)
Select an audit firm
Nominate directors and advisors
tap into a global deal origination network
Automate a process to analyze deals
Initiate an investment committee
AML and KYC checks
Interface with users who use different currencies and languages
Make use of AI for basic analysis and Do the same with DD.
Stakeholders can access your portfolio
Automate accounting and reporting for funds.
Yes, we do. It's a bit unbelievable to provide this level of functionality in a few hours or days. The initial step in automating a process systematically is to go through it several times manually and then take notes.
After we've done this, the notes will are no longer notes. They now serve as documentation entries for the codified procedures we developed to facilitate the speedy, simple, automated development and commercialization of Hatcher+ Venture-As-A-Service Technology ("VAAST") platforms. This platform, which is multi-award-winning and data analytics-based platform, lets a year be reduced to a couple of days.
The platform was designed to scale up. Also, on the 1st of October, 2021 we'll begin adding clients to our Pilot Partners. Let's chat if you are a multi-family bank or wealth manager, private bank or financial advisor who is looking to set up private investment vehicles for your clients. It's a quick and efficient process that is complete.