Bridger Pennington is the founder and managing director of Black Bridge Holdings, a privately run debt fund with over 290 deals in 38 states over the last two years. He also runs Investment Fund Secrets, where he helps everyday people without Wall Street experience start and scale their own funds. We talk about why you need to start or invest in a fund, funds as alternative investment opportunities, and how to raise fund capital.
[02:43] Getting to Know Bridger Pennington
[04:23] How Bridger Broke into the Funds Space
[17:01] Why you Need to Start Investing in Funds
[20:35] Funds as Alternative Investment Opportunities
[23:15] How Fund Managers Structure and Run Funds
[28:25] How to Manage Other People's Money
[37:20] How to Raise Fund Capital
[44:50] The Future of Funding
What is an Investment Fund?
Unfortunately, not many people talk about funds and how lucrative managing funds can be. First, a fund is a pool of money where investors put money into the pool, and fund managers take that money to make investments. Once the assets make money, it flows back to the pot and is split between the investors and the fund manager. Compared to other investment opportunities, investing in funds is less complicated. You deposit your money, wait three to ten years, and get a cheque every quarter for the entire period. Funds are one of the most passive investment opportunities in the market right now.
Funds as Alternative Investment Opportunities
The first thing that comes to mind when people think about investing is real estate or stocks. While these forms can be lucrative, the best deals are struck, say in real estate, when the investors go big. What do we mean by that? When investing in real estate, most people don't have the cash to go after 100-unit properties and are therefore forced to focus on 2 to 3-unit options, which is often never lucrative. In contrast, fund managers pull together different investors and go after the big 100-unit properties with better deals and less competition.
Links and Resources
Millionaire Next Door: The Surprising Secrets of America’s Wealthy
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All shared information from the Wealth Secrets Podcast should not be taken as legal or financial advice. Please consult with a professional before making any decisions.