Rolling Funds
Rolling funds are a new breed of investment, but the concept is straightforward.
Also known as subscription funds, rolling funds were rolled out by AngelList in
February 2020, and have grown exponentially. Structured as limited
partnerships, each quarter (or series) a new fund is offered, but the terms of the
new fund are basically identical to the former fund. This pattern continues for as
long as the fund operates. “Rolling” refers to the fact that these funds remain
open to new investors each quarter. In a rolling fund, managers do not.........
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