UncoveredExploreSign In
This week
LP Uncovered · Regina Green, Catalyze

It Costs $150K Just to Start a Fund

“For a new fund manager getting started, you need at least $150,000 just to get started.”

Transcript

Yeah. For one piece of context, we often say that for a new fund manager getting started, you need at least $150,000 just to get started. That means just to hire legal counsel who's going to write the documents that create the entity structure and create the fund

structure. It means you have a GP, you're not going to be taking a salary, so you don't have anything to live on until you have management fees. If you need team members, you've got to hire them and you've got to pay them something. When it comes to meeting potential LPs, oftentimes you

're traveling to go to go see them, or you're going to conferences to meet people, which usually you're not cheap,

Get the Uncovered digest The stories worth your time, picked for you.
By subscribing, you agree to receive emails from Uncovered and to our Terms and Privacy Policy. Unsubscribe anytime.