We believed that our H2 fund could be operational in just six months. It took us nine months. It took us 18 months to get to the desired level of operations. At the time we were just 80percent ready.
Our excitement began in the early days. When we launched our initial venture, we did not know the number of steps it would take to create an investment fund. We know now - because we've codified the process - and it's at least the number 210. There's likely to be many more steps we need to add to that number is fairly close.
Are you unsure about the numbers? Take a look at our list. Even better, we've taken all of our learnings and developed a plethora of code and have created an easier method to create investment vehicles - with the help of MAS-licensed fund managers First Degree Global Asset Management.
Using the resources of our teams we've developed a methodological approach which can cut down the time required to build an investment vehicle and set up operational support from days to months or even hours. What exactly does it mean to offer operational support? Simply put, operational support refers to the ability to:
Create a site.
Pick from a range different fund structures
Add an experienced, licensed and competent fund manager
It is possible to add a fund manager to your portfolio or select from a number of admins.
Include your selection in an auditing firm
Designate directors and advisors
tap into a global deal origination network
Create an automated procedure to analyze deals
Start an investment committee
AML and KYC checks
Interface with users who can speak different languages or have currencies
AI is used for analysis and for DD basics
allow stakeholder access to your portfolio to allow stakeholder access
Automate accounting and reporting for funds.
Yes, that's what we know. It is amazing to be able to achieve this level of performance within a matter of hours, or even days. The first step to automating a process in a systematic manner is to run it manually several times and then take notes.
It's done now, and those notes are no longer in existence - they are the entries in the documentation that were created to allow the quick, simple automated creation of investment vehicles. Additionally, they facilitate the commercialization of the Hatcher+ Venture As-A-Service Technology ("VAAST") which is the multi-award winning technology, data analytics platform which cuts the length of the year to just a few days.
This platform is designed for massive scale. And on October 1 2021 we'll be able adding customers who are our Pilot Partners. If you're a multifamily company or a wealth management firm or private financial advisor, bank, or looking to make private investments available to your clients, we can meet.