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Hello.  How do I create a new fund?

I need to create a new fund, but cannot see any way to do that.

BTW, I also think you should be clear - does Entity Management include more than Organizations?  If so, I can't see it.  If not, use just one name.

3 replies
Hi Michel, 

Hub has been a closed platform until this point. You're one of the first people to gain access w/o having first gone through the VC Lab accelerator. You've asked some great questions, and I'll go through each of the ones that haven't already been confirmed.

For this question, I need to ask you a question first: What do you need a new Fund for? Do you have multiple funds in your firm? Or are you trying to do some separation of concerns? If it's easier to hop on a zoom call, let me know and I'll send you an email to arrange a time.

Travis

Hi.  We have been doing syndicates for 3 years and are now launching a fund.

We need to recruit syndicate investors and fund investors.  The LP prospect pipelines are different and how we recruit the investors is different.  So, that is issue 1.  In this case we would create a single Syndicates fund.

Going forward, as I explore the fund admin, reporting, capital acocunt reports, etc. we may want to do one fund for every syndicate.  That is undecided.  If so, we will have 40 funds and add about another 10 per year.
Friday, March 29, 2024
Michel, sorry for the late reply here, there are multiple different points to address:

re. your different investor recruiting workflows:

I can definitely help you get set up with another Fund and/or pipeline in Hub. Many Hub users run multiple fundraising flows, so we got your covered there. This will be something you can do yourself at some point in the future, but for now I can help you out. Feel free to outline what you're looking for here, or if it's easier to hop on a zoom, Robert can help you out: https://calendly.com/rjn-2/30min

re. fund admin

If you're interested in partnering with Decile to manage your funds and SPVs (which is the only way to use Hub's Back Office functionality), I'll connect you with somebody on the sales team to see if we're a good fit for you. Just let me know.

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