FRIENDS AND FAMILY FUND
Pool friends and family assets legally
A protective fund structure that lets you legally manage assets on behalf of friends and family and build a fund track record. No fees may be charged to investors.
All the legal docs you need
Repool provides a full set of offering documents created in collaboration with leading investment fund counsel.
At lower cost than a traditional fund
Build your track record and gain fund management experience at 50% of the cost of a “true” hedge fund structure.
But no fees may be charged to investors
The fund’s structure means that you cannot charge fees of any kind whatsoever to investors.
TAKE THE NEXT STEP
More than a solo track record. Less than a full fund
Able to raise some capital, but not yet ready for a true private fund with fees?
A friends and family fund is a unique in-between step that lets you gain experience managing true third-party capital and build experience for your future fund.
“I thought [launch] was going to take months of time and effort to figure out, so it was almost anticlimactic when Repool just did the whole thing in a few weeks.”
"The Repool guys have been great to work with. They're always on the ball so we can focus on fundraising and trading without distractions."
MANAGING THE FUND
Software that keeps things simple
Repool’s platform covers fundraising, reviewing and accepting investors, fulfilling redemptions, and tracking the performance of the fund at large and on a per-investor basis.
You just focus on trading.
FUNDRAISING AND FEES
Restrictions on investors
You may not charge a management fee, performance fee, or fees of any kind, so as to avoid being considered an investment adviser.
Additionally, Repool requires that you attest to only raising from pre-existing relationships for compliance and risk purposes associated with offerings of private fund interests.
FUND CONFIGURATION
Set the terms you want
Customize fund parameters like lock-up period, withdrawal periods, minimum investment amounts, and reimbursable expenses to suit your strategy and objectives.
Pricing
Friends & Family Fund
Essentially an institutional grade hedge fund with full offering documents but certain restrictions, such as not being allowed to charge fees of any kind, in order to not be subject to certain regulation and compliance.
Annual Cost
$10,800- Est. Regulatory Fees 1varies ($1-3k)
- Est. Tax Prep Fees 2varies (approx $5k)
What's included:
(1) All funds are responsible for their own blue sky filing fees, which costs on average about $500 per state.
(2) Repool’s services do not include annual tax form preparation or annual audits.
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