Last few years ago, the IPOs had a limited partner to investment funds that invest of the funding funds in the past few years. Easy money.
In vc funds, a large amount of money was depressed for the rich people who managed the property of a rich investment in the country.
Having locked funds in private capital is an issue called entrepreneurship Mike. In 2018, the shortcut for the city's female bank invested the amount that he received from the exit to Tech Stocks and Ventsears Funds.
In 2022, the technology stocks were crash and HURST did not have enough free money to support his VC Fund promises to TechCrunch.
“The new investments and new investments are coming. I want to do them, but I wanted to get a mortgage.
That experience provides that experience to create a credit product that allows secure funds to hire secure funds with interesting colleagues with benefits.
Hurst partner in the turbine in the turbine. Private shares turned to the debt platform in VC. On Friday, the company came out of the stealth of the FAFA Edison and SOzo Ventures, the share agreement was earned $ 22 million.
The company owes up to $ 100 million to support loans from the Silicon Valley Bank.
The turbine uses limited partners using limited funds to funds used as a mortgage loan.
Gardiner Garrard, The co-founder and management partner in TTV Capital introduced the highest startup, the Tamuka was very excited to the Turbine.
Garrard said, “LP has a lot of events that approaches me. However, there are many very good options to help a investor to get cash in the fund.
Garrard said the TTV could sell some stock at the second-three market in the second-three market in the second-three market in the second market to assist the investor.
In other words, tried LP Sell their stakes The fund (LP interest rate) However, these agreements are “discounts,” Garrard said.
The turbine has given his investors to the future without abandoning the future without abandoning the future. For example, In the Fund, the LP's $ 3 million investment in the Fund can be appreciated $ 10 million for loans.
The disadvantage is that these loans are cheap. The interest rate is currently 9% (the main rate is 7.5%) and many loans are not cheap today
However, Garrard said that this is a reasonable rate and cheaper rates than expensive expensive rates, even in mid-class markets.
Their first clients of the turbine are five capable companies. The General Partners of the Companies have already given their LPS's credits to the Credit of their LPs, the HURST said the VC funds were set up after the announcement.
“We have not been able to believe that this kind of thing that is like our LPs, Garrard said.