Market Trends in Fund Raising
Mr. Elio mentioned that it is a red flag if a fund manager cannot identify any competitors. “Everyone has competitors at some level,” he stated. “If we are not provided a comparison, we will have to speculate. It is important that the fund manager provides some benchmark so that we can assess where he or she stands next to his peers.” In addition, if there is anything questionable in your past, “hair” as he quoted, get it out on the table. Being open and honest is a great way to start a relationship. People allocate assets to managers they trust. Do not leave any important details out.
“We had a great blend of tax, legal, audit, and operational experts in attendance providing current insights and trends in today’s environment,” said Jay Maher, Mainstream Fund Services, CEO of Private Equity, Venture Capital and Real Estate.
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