We believed that our H2 fund would be operational in just 6 months. It took us nine months. We took 18 months for the process to get to our desired level of operation. We were only at 80percent.
One of the reasons for our initial optimism? When we launched our initial venture, we didn't know how many steps it would take to create the venture fund. Now we know , because we've codified the process. The answer is at most 210. While there's likely to be many more actions that we'll need to add to that list, we're confident that's close to the minimum number.
Do you doubt the number? Look at our list. We've gathered all the lessons we've learned and created a ton more code to enhance the creation of investment vehicles. Thanks to First Degree Global Asset Management, MAS licensed fund managers.
Our team has developed an organized method to reduce the time and effort needed to establish an investment fund and provide operational support. We're able use the resources of both our team members to accomplish this in days, if not even hours. What exactly is operational support? What exactly does the term "operational support" mean?
Create a website and an operating platform
Pick from a variety of structure of funds
Incorporate a licensed and experienced administrator of external funds
It is possible to add a fund manager to your portfolio, or select from among a variety of administrators.
Select the best audit company
Appoint directors, advisors
tap into a global deal origination network
Create an automated deal evaluation process
Establish an investment committee for investment.
AML as well as KYC check
Interface with users using various currencies and languages
Make use of AI to perform basic analysis. DD
Your stakeholders have access to your portfolio
Automate your fund accounting and reporting.
We're aware of. It's almost unbelievable that we could deliver this level of capability in just a few days or hours. The first step in automating a process is to do it several times manually and take notes.
It's over. Those notes are no longer notes. They are now documents for the processes we used to create investments vehicles. We also commercialized the Hatcher+ Venture-Asa-Service Technology ("VAAST"), the multi-award-winning technology that allows an entire year of work to be compressed into only a matter of days.
This platform was created to enable significant scale. From October 1st, 2021, we will be adding new clients to our pilot partners. If you're a multifamily company or wealth management company or private bank, financial advisor or are looking to help private investors for your clients, we're happy to talk.