⚡️Investor Opportunity Network⚡️ I’m excited to announce the Twitter rollout of the Investor Opportunity Network! This is something I started off Twitter but thought it was time to bring it to the masses. To sign up, either: Click the link in my bio for a short sign-up… https://t.co/w0YybRtz62 (View Tweet)
👨⚖️Let's set the record straight... Using 506(c) to raise money publicly is not expensive! 💸The extra cost to the GP is between free and ~$70 per investor (depending on how you verify accreditation). 💸💸There's no extra cost to LPs. If you're raising money publicly, 506(c) is the exemption to use, not 506(b). Better to do (minimal) extra work and do things by the book than skirt securities laws and regret it later. 😬 *of course, this is not legal advice (I am a lawyer but not your lawyer) (View Tweet)
I'm seeing more LPs have trouble funding capital calls. 😬 I've been drafting: 📉strongly worded letters to LPs 📉commitment reduction agreements 📉transfers of commitments from defaulting LPs to the GP or other persons It's anecdotal for sure, but I didn't draft any of these in 2021. Maybe one or two in 2022. We'll see what happens! (View Tweet)