The difference between being opportunistic and systematic

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For the past year or so, we have been putting out a lot of capital on behalf of one major investor.

Sure, we’ve sprinkled in a few other deals with people able to write checks for $2-3MM. But we’ve mainly got into the habit of opportunistically finding deals, then bringing it to one capital source.

And it has worked… we’ve grown our equity under management from around $10MM to around $45MM very quickly.

But there’s a danger in just opportunistically sopping up the deals that come across your plate… you become a syndicator, forever pitching individual deals with a deadline. And, over time, I think that has the danger of turning you into a huckster.

Instead, we want to be systematic… to create a clever strategy, align our organization around it, put together a large chunk of capital that believes in the strategy, and then execute.

We have a few very good ideas and we’ll be spending some time over the next month or two fleshing them out and gearing up to begin raising the money.

Watch this space.

 

 

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