Venture / angel funds could be rolling
By Hicbd
Tue Sep 20 2022 8:57 am
"Investors typically contribute to the fund on a quarterly subscription basis. Rolling Funds are publicly marketable and remain continuously open to new investors...There are opportunities for Limited Partners (aka “investors”) to increase/decrease/stop their investment commitments on a typically quarterly basis...Specific to AngelList Rolling Funds: On AngelList, the Admin fee is .15% of committed capital for a 10-year term. The traditional venture fund is 1% (!)."
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