Not enough men to date up11/7/2022 ![]() "We're targeting investors historically excluded from alternatives, including private equity. "I've made an effort to make sure that we have representation on every level so that when people look at our company, they see somebody that looks like them and feel comfortable working with our team," said Winget. So I'm leveraging their deal-making expertise to create a win-win for both the company and the investors in the fund." "So I might only be 32 years old, but the people I work with in oil and gas, manufacturing, and real estate have been doing it for 30 years. Lacking an established "traditional" track record is a barrier. I've worked on almost 200 different types of funds, but this is the first I've done as a manager myself." They are perceived to be more experienced and successful. "I'm competing with managers with funds which are much larger than mine. Like women raising their first venture capital fund, fundraising is Winget's greatest challenge. "We're not paying brokerage fees and we're not paying acquisition fees." "We remove a lot of the middlemen," said Winget. "We make sure that we buy it in the most tax efficient way possible and pass those tax benefits on to the LPs in our fund." "Anyone interested in getting creative with their tax, retirement, or estate planning, investing in alternatives can be a good choice," said Winget. To find investors (limited partners-LPs), "I partner with a lot of estate attorneys and CPAs because there is a tax strategy to what we do," said Winget. "I already identified all of the assets we would allocate capital to," said Winget. "Most PE firms find it hard to source deals, especially when we're talking about returns over 20%, 30%, 40% a year," said Winget. ![]() It is not uncommon for AWP to own real estate or oil and gas wells. It is not just companies in which AWP invests. The deals AWP targets are too small for most private equity companies. Most private equity companies are investing a minimum of $25 million. Unless a company's margins are tiny, once they are $10 million in size, they are already working with a bank or a private equity company on financing. ![]() AWP's sweet spot is companies generating $3 to $10 million a year that typically need $1 million to ramp production up to $10, $15, or $20 million per year. "The assets we're invested in don't go up and down the same way that the market does," said Winget. We already have the assets allocated for those larger funds because we've already unearthed incredible deal flow in the alternative space." "We are launching two new funds and those are going to be $500 million apiece," she said. These tendencies make them prime prospects to invest in small funds managed by women.įor the first fund, Winget is raising a $50 million fund. Women are more likely than men to invest for the long haul and spread risk by buying diversified funds instead of individual stocks, according to How Women (and Men) Invest in Startups*. Interesting, wealthy women's investing style is different from their male counterparts. As a result, they rely much more on HNWI when raising their first funds. Female fund managers have a markedly harder time raising capital from institutional investors than their male counterparts. ![]()
0 Comments
Leave a Reply.AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |