How do I explain Rolling Funds to prospective LPs?

Rolling Funds offer everything a Venture Fund offers and more. The Rolling Funds model gives your LPs flexibility to increase or decrease their commitment to the fund. 

LPs start their auto-renewing quarterly subscription and get exposure to all investments made in the quarter they are subscribed to. LPs can increase their commitment as their investment goals change. By subscribing to a Rolling Fund, an LP commits to making a contribution each quarter, and LPs are able to modify their subscription or cancel it after meeting the minimum number of capital contributions.

A subscription commits an LP to make a capital contribution to the next quarterly fund. LPs participate in deals starting in the next quarterly fund, so new LPs to a Rolling Fund don’t come into existing deals.

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