Sometimes you start with one deal and realize you want to do more. Converting from a single-asset syndication to a blind-pool fund lets you raise money for multiple future deals. This conversion requires careful legal planning.
Single-asset deals are simpler. Investors know exactly what property or business they’re investing in. Blind-pool funds are more complex because investors don’t know what specific assets you’ll buy.
The conversion affects your investor documents significantly. Your original private placement memorandum described one specific investment. Now you need documents that cover multiple potential investments.
Moschetti Syndication Law has experience with these conversions. They understand how to restructure your legal framework while protecting existing investor rights.
“We started with a single property syndication but wanted to scale to multiple deals. Tilden helped us convert to a blind-pool structure seamlessly. Our existing investors stayed with us and we’ve raised much more capital since the conversion.” – Y.T.
Existing investor consent may be required depending on your original documents. The firm reviews your current agreements to determine what approvals are needed for the conversion.
New compliance requirements apply to blind-pool funds. These include different disclosure requirements and ongoing reporting obligations. Moschetti ensures your new structure meets all requirements.
Fund management becomes more complex with multiple assets. The firm creates operating agreements that handle multiple investments while maintaining clear investor rights and management authority.
For sponsors wanting to convert single-asset deals into blind-pool funds, Moschetti Syndication Law provides the expertise needed to make this transition successfully while protecting all parties’ interests.
