William Blair Advises Broadtree Partners on Multi-Asset Fund Raising

Co-GP isn’t the only way to raise capital—and for many, it’s not the ideal way. Legacy’s Fund of Funds (FoF) Program gives partners a more secure, more compliant, and more strategically aligned option. Here’s why many capital raisers are making the shift: ✅Increased compliance with SEC guidelines ✅Greater privacy and control over investor information ✅Cleaner compensation structure based on services, not waterfalls ✅Purpose-built SPV structure—not a tangled co-GP agreement If you’re raising capital but want stronger governance and cleaner incentives, there’s a better path. Build securely. Raise confidently. Protect your investors. 👉 Fund managers: DM me to learn more about partnering with Legacy Acquisitions.

Personal update. After a decade-plus working alongside Alexander Dillon and Cosmin Julian Panait, most recently as President of BIG Funding, I'm jumping out on my own to start Standby Capital, a specialty finance platform focused on revenue-based finance. Deeply grateful to Alex and Cosmin for the run, the trust, and the partnership over the years. The last three at BIG, in particular, sharpened how I think about operating in this space. More to come as Standby comes online. If you're an operator, allocator, or capital partner in specialty finance, happy to talk.

Experience elevates the process. It's not just about knowing the technical steps. It's about seeing what's coming before it becomes a problem. Experienced administrators recognize patterns. They know which investor requests need immediate turnaround and which ones have flexibility. They've built the workflows that keep exceptions from derailing timelines. They don't need you to re-explain your structure every quarter. They already know how your entities connect, where allocations get tricky, and what your investors expect. That continuity is what separates process efficiency from just checking boxes. #ReliantFundServices #FundAdministration #EmergingManagers #PrivateEquity #IndependentSponsors

Investing in secondaries can be a "J-curve mitigant" for LPs, because mid-life private equity funds are typically closer to cash distributions, says Pete Labbat, a Partner at Bridgepoint Group. Access the full episode, full transcript and a searchable content archive at the Liquid Courage Substack: https://lnkd.in/e5f3EAFX #privateequity #secondary #liquidcourage

My third raise, I was managing 63 LPs across two funds with different structures. Every distribution meant 126 wire notifications I had to manually verify. Every quarter meant personalizing updates for investors who wanted different levels of detail. I was spending 15 hours a month just maintaining the relationship infrastructure. Then I brought on a partner from a larger shop. First thing he asked: "Where's your portal?" I told him we email everything. He looked at me like I'd said we use a typewriter. He was right to look at me that way. We'd raised $47M but our investor experience screamed "first-timer." LPs were asking basic questions I should have proactively answered. New prospects were comparing us to funds with polished dashboards and automated reporting. We looked amateur. The breaking point was losing a $2M commitment because the investor couldn't easily see our historical performance. He went with a smaller fund that had better systems. That's when I realized we weren't competing on deals anymore — we were competing on infrastructure. We rebuilt everything. Portal, automated reporting, proactive communication systems. The next raise took half the time with double the capital. Same deals, different experience. If your LPs are asking questions your systems should answer automatically, you're losing the next raise right now. Visit karpospcp.com to see what modern LP management looks like.

65% LTV on raw land at 8%. Typically, only hard money lenders can reach 65%. Having the right debt team matters.

Most capital raisers hit the same wall. The legal structure, investor portal, deal page, and sponsor relationships all exist — but nobody has put them together in one place. Tomorrow at 1pm ET, we're sitting down with Seth Bradley, Esq. — securities attorney, CLO of Tribevest, and the man behind $3B+ in capital raised across 750+ Fund of Funds — to change that. In this free training, Seth walks through the exact system for building a compliant, scalable Fund of Funds in under 60 days. Here's what we'll cover: 📌 Why co-GP arrangements put your business at legal risk — and what to use instead 📌 How Fund of Funds economics actually work across two fee layers 📌 How to access institutional sponsors with live deals — without cold pitching anyone 📌 What a fully compliant setup looks like when everything is built in one place If you raise capital or have been thinking about launching a Fund of Funds — this is the one training worth showing up for. Free to attend. Link in comments. 👇

Most LP due diligence focuses on what happens at the beginning of a fund relationship. Very little attention is paid to what happens at the end. Extension requests. Zombie assets. GPs managing legacy portfolios while raising new vehicles. The incentive to crystallise carry on strong performers while holding problem positions can create real misalignment in a fund's final years. Understanding how a manager has behaved during wind-down with previous funds, in previous cycles, is some of the most predictive due diligence available. It rarely gets asked. → u-am.ae #PrivateMarkets #FundDueDiligence #LPInvesting 

We advised the underwriters in the initial public offering of RRE Ventures Acquisition Corp., consisting of 25 million units priced at US$10.00 per unit. The units began trading on the Nasdaq Global Market on April 30th. Read more: https://okt.to/0H1xyA# The team was led by partner Om Pandya, and associates Paul Lakkis, Johnathan Walker, Jesse Dowdle and Trumond Best. Partner Todd Lowther and associate Kade Moural, JD, MPA advised on Tax.

Traditional investing structures often leave Limited Partners in the dark, effectively stripping them of the very rights that define a true investor. When you deploy capital into an SPV or syndicate, you are often left without: * Voting power on key decisions. * Direct access to information rights. * Any control over the GP's operational choices. Ultimately, you are trusting the fund manager blindly, regardless of the outcome. It is a stark reminder that in these deal-by-deal structures, you are a silent passenger rather than a partner. Have you ever felt like a passenger in your own investments, or do you prioritize trust in the GP over control? #VentureCapital #InvestingTips #LimitedPartner #FinanceStrategy #BusinessInsights #WealthManagement