Institution-Friendly Venture Funds
We’re expanding our support for funds with institutional investors.
Aug 29, 2022 — 3 min read
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Today we’re rolling out our institution-friendly venture fund products to all investors on AngelList. Institution-friendly venture funds make raising capital from institutional LPs as easy as raising from family offices or individuals.
Institutional investors including Tiger Global, Plexo Capital, WorldQuant Ventures, Two Sigma, and Kamco Invest deployed $1.9B on AngelList in the last 12 months thanks to our institution-friendly support.
Our new Core and Institutional Venture Fund plans are designed with institutional LP requirements in mind:
- External legal document support so you can run your fund on your own terms.
- Capital account and financial statements to provide LPs with timely, detailed insight into fund performance.
- Audit support so you can breeze through any fund audit.
- Valuation data collection so you can share mark-ups with LPs as they happen, without wasting time chasing down portfolio company updates and documentation.
AngelList’s institution-friendly funds also offer specialized services you won't find elsewhere:
- Protective transaction reviews: Comprehensive reviews of portfolio company transaction documents to eliminate issues that could impact investment economics or investor rights.
- Deal partners: One-click carry sharing agreements at the fund and deal level.
- Parallel funds: Parallel QP and non-QP entity setup to optimize investor reach and fund size.
- AngelList Capital Network: Access to a network of LPs.
- Sidecar SPVs: Spin up investment vehicles to double down on your best investments.
I’m often asked: Why use @AngelList to run a fund?
— avlok (@avlok) August 29, 2022
My answer: AngelList abstracts away *all* the complexity associated w/ starting & running a fund
Whether first fund or fifth, GPs need to manage a web of stakeholders for many yrs:
1. LPs
2. Regulators
3. Portfolio companies
Institution-friendly funds come in two flavors: "admin-only" for GPs who have established back offices; and "full service" for GPs who want our full array of features.
Here’s what customers have to say:
“The service and customization that AngelList provides for funds of all sizes, and for us as we've grown AUM over time, has been unmatched. In short, they take care of everything backoffice, which enables us to focus on investing and working with companies.” – Niv Dror, Shrug Capital
“AngelList offers all fund services in one package enhanced by software, so it's a no-brainer choice. I benefit from their vast base of existing LPs to make fundraising easier. AngelList also offers an intuitive interface to check LPs, investments, and all other data that's essential to track when running a fund.” –Cindy Bi, CapitalX
“AngelList helps us streamline our process, reduce errors, and keep costs low. The solution offering is constantly improving to handle every permutation for our fund, including our international operation. The team has been our most value-added service provider, offering insight and providing clarity about function and process." – Alex Oppenheimer, Verissimo VC
By providing institution-friendly support, we hope to connect GPs with more high-quality capital to invest in startups, and continue to increase the rate of innovation in the world.
To learn more about our institution-friendly fund products, visit our new Funds page.
Disclaimer
Quotes included in these materials relate to AngelList’s services for fund managers and should not be construed in any way as an endorsement of AngelList Advisors’ advice, analysis or other service rendered to its clients.
