Seeders Describe Their Criteria for, and Common Pitfalls They Observe in, Prospective Managers

EisnerAmper and Kleinberg, Kaplan, Wolf & Cohen recently co-hosted a program featuring insights on the structure and terms of seed deals, as well as on the things seeders look for when considering investments. The panel was moderated by Joshua Leonardi, vice president at Goldman Sachs, and featured Philip Harris, managing director and head of equity strategies at asset manager Crestline Investments; Eric Hoerdemann, chief of research at seed and early stage investor Stride Capital Group; and Elena Ranguelova, portfolio strategist at Investcorp. This article highlights the key points raised by the panel that provide valuable insight to any fund manager looking to raise capital from a seeder or other large investor. For coverage of another panel from the program, see “Benefits, Tax Considerations, Common Structures and Terms of Seed Deals” (Jan. 26, 2017). For an overview of seeding and seed structures, see “Seward & Kissel Private Funds Forum Analyzes Trends in Hedge Fund Seeding Arrangements and Fee Structures (Part One of Two)” (Jul. 23, 2015). For additional insight from Investcorp, see “FINforums’ Annual Hedge Fund Summit Focuses on Operations, Marketing and Hedge Fund Strategies in Non-Hedge Fund Structures” (Oct. 6, 2011).

To read the full article

Continue reading your article with a PELR subscription.