Fundraising

Fundraising may be the hardest part of being a fund manager. It is the act of asking investors for capital, which takes time, energy, and perseverance. The industry average for first-time fund managers to complete, or “close,” a fundraise is 12 to 18 months (PitchBook), or perhaps longer if you are switching industries, conducting multiple closings, or dealing with market volatility. As one of the most challenging aspects of running a fund, it is helpful to have a full plan with a starting point, ending point, and realistic expectations on timing along the way...