Our expectations when we started the H2 Fund were that it would be operational within six months. However, in the actual situation, it would take us at least nine months. We took 18 months for the process to get to our desired level of operation. We were only at 80%.
Our enthusiasm began early. When we launched our first venture, we didn't know the number of steps would be required to set up an investment fund. We now know since we've codified it. The answer is at least 210. While there's likely to be several other actions that we'll have to add to the list, we're pretty sure that's close to the minimum count.
Don't believe the number? We've made it available to anyone who wants to check it out here. We've also taken all of our learnings, developed a ton of code, and developed a better approach to creating investment vehicles - using licensed fund managers with MAS licenses First Degree Global Asset Management.
We combined the resources of our teams and have created a method to cut down the time required to have an investment vehicle established and to build operational support. The process can be completed in as little as a couple of hours or days. What is operational support? Simply put, the term "operational support" is the capability to:
You can make a website.
Select from a range of fund structures
Include a licensed, experienced and knowledgeable external fund manager
You can add a fund administrator to the list or select from a range of administrators
Include your selection in an audit company
Nominate directors and advisors
tap into a global deal origination network
Automate a process to analyze deals
Create an investment committee
AML and KYC checks
Interact with users who speak different languages or have currencies
Use AI for analysis as well as basic DD
Your portfolio should be accessible to all stakeholder groups.
automate fund accounting, reporting and other manual tasks
Yes, yes. It's amazing to think that we could deliver this level of functionality within a matter of days or hours. The first step to automate a process systematically is to do it manually numerous times. Note down what you have learned.
We've completed the process and these notes have been removed They now comprise documents that we have codified over our methods that allow for the rapid easy, automated development of investment vehicles as well as the commercialization Hatcher+ Venture-As-A-Service Technology ("VAAST") platform - a multi-award-winning technology platform and data analytics which allows a year's time to be reduced to a couple of days.
The platform was designed to be scalable. We'll be adding clients to our pilot partner network on October 1st 2021. We'd love to speak about your multi-family office or wealth manager, private bank or financial advisor are interested in enabling private investment vehicles to their clients. The process we use is simple and efficient, as well as simple.