Point72’s Post

Hot take: if you’re a new or aspiring fund manager, avoid the temptation to “buy a logo.” When your fund is still in its early days and you're trying to prove your value to LPs, it may be tempting to “buy a logo.” What does it mean to buy a logo? This is when you invest alongside a highly reputable and well-known fund (think Sequoia or Andreessen Horowitz) as a way to attract LPs. The theory behind this strategy is that you'll have more credibility with LPs if you can say "oh yes, we invest along [insert famous, fancy VC fund here]." Personally, I’m not a fan of this strategy. I think when markets are tighter, LPs care a lot more about your performance than your logos. At the end of the day, you want to stay consistent with your deal assessment framework and NOT just follow popular VCs into rounds.

Managing a syndicate was once seen as merely a stepping stone for those with aspirations of managing their own fund. But deal-by-deal investing plays an important role in the VC ecosystem outside of just helping new investors build a track record. Today, savvy capital allocators employ deal-by-deal investing strategies to create value for their founders, their LPs, and themselves. We sat down with Zachary Ginsburg of Calm Ventures and Alex Pattis of Riverside Ventures, who have together deployed over $200M via their syndicates, to learn more about their strategies. Key takeaways from the conversation: 🤝 Co-invest with other syndicates to grow your network 🌐 Be a super-connector for other VCs 👓 Be transparent with your LPs; don't try to oversell 📈 Build repeatable processes to allow you to scale Check out the full article, as well as a recording of our live conversation, at the link in the comments.

This expert says #HedgeFunds are a "dead #AssetClass". Michael Sonnenfeldt, Founder & CEO of TIGER 21, an exclusive membership organisation of over 1,500 #UHNWIs, said #PrivatePlacement and #PrivateEquity making up the largest allocation in member's #Investments. This continues to demonstrate that #AlternativeInvestments continue to grow and are attracting serious interest from the big players in the space. #AlternativeInvesting can in fact, work for everybody, keen on #WealthCreation or #WealthPreservation, as their are #InvestmentStrategies able to assist on both including #EIS, #SeedInvesting, #FixedIncomeInvesting and/or #PreIPO #Investing. Contact one of our multi-#AwardWinningTeam to see if we can work together in this exciting and demand driven #Investment area. Quant Capital Markets | Your Trusted Partner | https://lnkd.in/d5UK84h | 020 3950 7343 | info@quantplus.co.uk #Wealth #WealthManagement #WealthMindset #Success #FinancialSuccess #CNBC #QuantCapitalMarkets https://lnkd.in/gG_U47rf

Great article on the fund management space. Keep your eye on Clough Capital Partners L.P.

In recent years, platforms have increasingly drawn BD talent from FoFs, potentially replacing them in the long run. This is not a surprise in the least. For emerging managers, the essentials remain unchanged: a strong track record, solid risk metrics, and a unique edge are key to negotiating favorable terms. External capital is viable because your skills are proven—use this leverage. Alternatively, can spend ~2years fundraising, while your track stalls (a repeat of #ExodusPoint is unlikely; we're all awaiting for #JainCapital with bated breath) Have we reached peak consolidation in the platforms? Does a launch like #TaulaCapital constitute an attempt at deconsolidation or is it more of the same?

Transformation is streaming through the veins of the Financial Services Industry thanks to businesses like Ante Capital, and we are on the front line witnessing this revolution! We're thrilled to dive deep into their successful strategy and discuss how this blazing startup is pushing the boundaries and revolutionizing Hedge Funds. The mastermind behind the company, Mads Hansen, is paving the way for next-level investing. Explore how this New York-based global investment firm harnesses cutting edge technology to validate and execute timeless investment principles and how they juggle producing long-term results to industrial investors, families, and private investors, irrespective of market conditions. Don't miss this exciting piece! Read more: https://lnkd.in/eympcnet #AnteCapital #HedgeFunds #FinancialServices #Investing #Finance #Innovation #GlobalInvestment #AnteCapitalTech For more about Ante Capital: Linkedin: https://lnkd.in/eb53mqtb

When I became an accredited investor, it was a total game-changer! It opened up a whole new world of investment opportunities I couldn't access before. I now had options like hedge funds, private equity, venture capital, real estate syndications, and direct company investments. 💰It was awesome but also a bit overwhelming! I knew that with the greater opportunities also came greater responsibility on my part. I had to make sure I thoroughly researched each potential investment, understood the risks, and worked with financial advisors to build a balanced portfolio. Here are some tips I learned: 🔍 Diversify hedge fund investments across different strategies to manage risk. 🔍 Do thorough due diligence on private equity companies before jumping in. 🔍 For venture capital, spread out risk by funding multiple early-stage startups. 🔍 Vet real estate syndication sponsors to find ones with proven track records. 🔍 Carefully scrutinize companies before making direct investments. Becoming an accredited investor opened up amazing wealth-building opportunities. But I knew I had to approach it carefully and make prudent choices. Feel free to reach out if you want to chat more! I'm always happy to help fellow investors. Schedule a call with me here: https://lnkd.in/eheXx8-7 #accreditedinvestor #investingtips #wealthbuilding

My latest for Business Insider is on the delicate balancing act facing funds like Walleye, Eisler, Boothbay, and more that want (and in some cases, need) to grow — but have plenty of recent examples for the consequences of scaling up too fast. Read here for details on these firms' growth plans and the challenges of being a modern-day multi-manager: https://lnkd.in/euuwReDy

Enhance your venture capital knowledge and gain valuable new investment insights with our CPD-qualifying webinars in December. Join our Executive Business Development Managers Wayne Readshaw and Dominique Butters as they outline the role of tax-advantaged investments in achieving more innovative forms of #diversification for clients, with worked examples. They will then interview Head of Blackfinch Ventures, Dr Reuben Wilcock and Senior Ventures Manager, Dr Nic Pillow who will: 🟢 Introduce companies within the Blackfinch Ventures portfolios, explaining how businesses with differentiated products can thrive in today’s competitive market. 🟢 Share some of the Ventures team’s learnings on the way to being recognised as one of the most active investors during Q2 2023, as noted by Sifted Magazine, and one of the portfolios with the most amount of high-growth businesses, by IFA Magazine. Register here: https://bit.ly/3Rio7ek #VentureCapital #VCT #EIS #EnterpriseInvestmentScheme #InvestmentOpportunities #TaxEfficiency #TaxBenefits #TaxYearEnd #Investing #VentureCapitalTrust #TaxPlanning #Webinar

If you’re a startup founder or a VC fund manager, stop scrolling. The SEC is set to deal a major blow to America’s engine of innovation and job creation. The U.S. Securities and Exchange Commission has proposed rules that would radically alter how the venture capital industry is regulated and how it operates—from raising capital to the relationships funds have with their investors, portfolio companies, and service providers. If implemented, these changes would constrain fund managers, increase costs for investors, and impose barriers, which could stifle innovation. There’s a lot at stake and it’s important you know how these potential changes could impact your fund or company, and what you can do to prepare. We’ll dive into all of it on Tuesday, August 1 joined by Holli Heiles Pandol, Carta’s policy counsel, Ben Buckwalter, partner at Gunderson Dettmer, and Rita Astoor, head of VC business development at Carta. RSVP: https://lnkd.in/g2VaF4Wc