4.5 Raising Capital: Syndications, JVs & Private Equity
- 9 Sections
- 35 Lessons
- 36 Quizzes
The Capital Raising Mindset, Why People Give You Money
- Lesson 1.1: The Three Reasons Investors Give You Capital
- Quiz 1.1: The Three Reasons Investors Give You Capital
- Lesson 1.2: Trust Is the Primary Product You're Selling
- Quiz 1.2: Trust Is the Primary Product You're Selling
- Lesson 1.3: The Credibility Stack: Track Record, Transparency, and Communication Frequency
- Quiz 1.3: The Credibility Stack: Track Record, Transparency, and Communication Frequency
- Lesson 1.4: The Three Types of Capital Relationships
- Quiz 1.4: The Three Types of Capital Relationships
Deal Structures, JV vs. Syndication vs. Fund
- Lesson 2.1: Two-Party JV: Co-GP Structures and Equity Split Negotiations
- Quiz 2.1: Two-Party JV: Co-GP Structures and Equity Split Negotiations
- Lesson 2.2: Simple Syndication: One GP, Multiple LPs, One Deal
- Quiz 2.2: Simple Syndication: One GP, Multiple LPs, One Deal
- Lesson 2.3: Fund Structures: Blind Pools, Committed Capital, and Deployment Periods
- Quiz 2.3: Fund Structures: Blind Pools, Committed Capital, and Deployment Periods
- Lesson 2.4: When Each Structure is Appropriate
- Quiz 2.4: When Each Structure is Appropriate
- Lesson 2.5: The Economics Comparison: Same Deal, Different Structures
- Quiz 2.5: The Economics Comparison: Same Deal, Different Structures
Where Real Estate Practice Ends and Securities Law Begins
- Lesson 3.1: Why Pooled Capital-Raising Is Treated as a Securities Offering
- Quiz 3.1: Why Pooled Capital-Raising Is Treated as a Securities Offering
- Lesson 3.2: Why This Boundary Exists, and What It Protects
- Quiz 3.2: Why This Boundary Exists, and What It Protects
- Lesson 3.3: How Referral Relationships With Securities Counsel Are Typically Built
- Quiz 3.3: How Referral Relationships With Securities Counsel Are Typically Built
- Lesson 3.4: What Tends to Happen When the Handoff Doesn't Occur
- Quiz 3.4: What Tends to Happen When the Handoff Doesn't Occur
The Investment Package, PPM, Subscription Agreement, Operating Agreement
- Lesson 4.1: The Private Placement Memorandum: What It Covers and Why You Need an Attorney
- Quiz 4.1: The Private Placement Memorandum: What It Covers and Why You Need an Attorney
- Lesson 4.2: The Operating Agreement: Key Provisions That Actually Matter
- Quiz 4.2: The Operating Agreement: Key Provisions That Actually Matter
- Lesson 4.3: The Subscription Agreement: Investor Representations and What You're Relying On
- Quiz 4.3: The Subscription Agreement: Investor Representations and What You're Relying On
- Lesson 4.4: The Investor Questionnaire: What to Collect and Why It Protects You
- Quiz 4.4: The Investor Questionnaire: What to Collect and Why It Protects You
The Waterfall, Structuring Returns
- Lesson 5.1: Preferred Return: What It Is, How It Accrues, When It's Paid
- Quiz 5.1: Preferred Return: What It Is, How It Accrues, When It's Paid
- Lesson 5.2: The Catch-Up Provision: How the GP Gets Whole
- Quiz 5.2: The Catch-Up Provision: How the GP Gets Whole
- Lesson 5.3: The Promote (Carried Interest): How to Structure and Defend It
- Quiz 5.3: The Promote (Carried Interest): How to Structure and Defend It
- Lesson 5.4: Tiered Waterfalls: Multiple Hurdle Rates and Split Tiers
- Quiz 5.4: Tiered Waterfalls: Multiple Hurdle Rates and Split Tiers
- Lesson 5.5: Modeling the Waterfall: A Complete Worked Example
- Quiz 5.5: Modeling the Waterfall: A Complete Worked Example
Finding and Managing Investors
- Lesson 6.1: Building Your Investor List: Where Sophisticated LPs Come From
- Quiz 6.1: Building Your Investor List: Where Sophisticated LPs Come From
- Lesson 6.2: The Investor Presentation: What to Cover in 10 Slides
- Quiz 6.2: The Investor Presentation: What to Cover in 10 Slides
- Lesson 6.3: Investor Communications Cadence: Quarterly Reports, K-1s, and Capital Calls
- Quiz 6.3: Investor Communications Cadence: Quarterly Reports, K-1s, and Capital Calls
- Lesson 6.4: What Goes Wrong in Investor Relationships and How to Prevent It
- Quiz 6.4: What Goes Wrong in Investor Relationships and How to Prevent It
Closing the Raise, From Soft Circle to Funded
- Lesson 7.1: The Soft Circle: Gauging Interest Without Making Offers
- Quiz 7.1: The Soft Circle: Gauging Interest Without Making Offers
- Lesson 7.2: Subscription and Closing: Your Role vs. Your Securities Attorney's Role
- Quiz 7.2: Subscription and Closing: Your Role vs. Your Securities Attorney's Role
- Lesson 7.3: Escrow and Capital Call Structure for Syndications
- Quiz 7.3: Escrow and Capital Call Structure for Syndications
- Lesson 7.4: Managing the Investor List as Deals Evolve
- Quiz 7.4: Managing the Investor List as Deals Evolve
- Lesson 7.5: The Post-Close Communication: What Investors Need to Hear in 48 Hours
- Quiz 7.5: The Post-Close Communication: What Investors Need to Hear in 48 Hours
Capstone, Structure a $3 Million Equity Raise
- Lesson 8.1: Capstone Setup: The 48-Unit Deal
- Quiz 8.1: Capstone Setup: The 48-Unit Deal
- Lesson 8.2: Capstone Analysis: Building the Waterfall
- Quiz 8.2: Capstone Analysis: Building the Waterfall
- Lesson 8.3: Capstone Decision: The Securities Attorney Trigger Point and Required Documents
- Quiz 8.3: Capstone Decision: The Securities Attorney Trigger Point and Required Documents
- Lesson 8.4: The Pro Lens: What Separates Consistent Capital Raisers from Occasional Ones
- Quiz 8.4: The Pro Lens: What Separates Consistent Capital Raisers from Occasional Ones
Final Exam
At some point the deals outgrow your bank account. Then you raise the equity, structure the entity, and keep it legal.
You work JVs, syndications, and funds, the securities law you cannot ignore, and the documents that govern a raise: the PPM, the subscription agreement, the operating agreement. You build a waterfall that pays investors and still pays you, then run the raise from soft circle to funded.
Eight modules, 35 written lessons, 101 practice questions, and a graded final exam with a certificate. The capstone structures a three million dollar raise. Self-paced, 12 months of access included.
Stop bringing deals to other people. Run the raise yourself.
Educational only. This is not legal, tax, or investment advice. Confirm securities matters with your own attorney.
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