Kareim Oliphant
@kareimoli.bsky.social
Husband. Dad. Investment funds + securities attorney.
Venture capital, private equity, real estate, private credit, and hedge funds.
Venture capital, private equity, real estate, private credit, and hedge funds.
Every fund starts with a clear & focused investment thesis, which answers:
✔️ What are you investing in? (Asset class, geography, industry)
✔️ Why now? (Market trends, opportunities/risks, timing)
✔️ Why you? (Your expertise, competitive edge, acumen)
Remember, "vibes" and "luck" aren't strategies. 🙏🏾
✔️ What are you investing in? (Asset class, geography, industry)
✔️ Why now? (Market trends, opportunities/risks, timing)
✔️ Why you? (Your expertise, competitive edge, acumen)
Remember, "vibes" and "luck" aren't strategies. 🙏🏾
January 5, 2025 at 6:37 PM
Every fund starts with a clear & focused investment thesis, which answers:
✔️ What are you investing in? (Asset class, geography, industry)
✔️ Why now? (Market trends, opportunities/risks, timing)
✔️ Why you? (Your expertise, competitive edge, acumen)
Remember, "vibes" and "luck" aren't strategies. 🙏🏾
✔️ What are you investing in? (Asset class, geography, industry)
✔️ Why now? (Market trends, opportunities/risks, timing)
✔️ Why you? (Your expertise, competitive edge, acumen)
Remember, "vibes" and "luck" aren't strategies. 🙏🏾
Common fund structure in real estate:
⚖️ GP: Legal control; earns carried interest; usually formed for each fund.
🏢 ManCo: Operating business w/ employees & offices. It manages the fund for a fee & lasts across multiple funds.
🏠 HoldCo: Owns assets directly (e.g., real estate).
⚖️ GP: Legal control; earns carried interest; usually formed for each fund.
🏢 ManCo: Operating business w/ employees & offices. It manages the fund for a fee & lasts across multiple funds.
🏠 HoldCo: Owns assets directly (e.g., real estate).
January 3, 2025 at 2:56 PM
Common fund structure in real estate:
⚖️ GP: Legal control; earns carried interest; usually formed for each fund.
🏢 ManCo: Operating business w/ employees & offices. It manages the fund for a fee & lasts across multiple funds.
🏠 HoldCo: Owns assets directly (e.g., real estate).
⚖️ GP: Legal control; earns carried interest; usually formed for each fund.
🏢 ManCo: Operating business w/ employees & offices. It manages the fund for a fee & lasts across multiple funds.
🏠 HoldCo: Owns assets directly (e.g., real estate).
In case you’re wondering, yes, the SEC does crack down on those who don’t timely file Form D when selling unregistered securities under Regulation D. ⚖️
Let’s say it together:
"For securities under Reg D, file Form D!"
Let’s say it together:
"For securities under Reg D, file Form D!"
December 20, 2024 at 9:45 PM
In case you’re wondering, yes, the SEC does crack down on those who don’t timely file Form D when selling unregistered securities under Regulation D. ⚖️
Let’s say it together:
"For securities under Reg D, file Form D!"
Let’s say it together:
"For securities under Reg D, file Form D!"
In 2022, Investor Choice Advocates Network (ICAN) petitioned the SEC to change the “accredited investor” definition by replacing the wealth and income requirements with non-financial criteria based on knowledge and experience.
ICAN is now suing the SEC to consider the petition.
ICAN is now suing the SEC to consider the petition.
December 16, 2024 at 9:43 PM
In 2022, Investor Choice Advocates Network (ICAN) petitioned the SEC to change the “accredited investor” definition by replacing the wealth and income requirements with non-financial criteria based on knowledge and experience.
ICAN is now suing the SEC to consider the petition.
ICAN is now suing the SEC to consider the petition.
Heads up, fund managers:
On January 1, 2026, certain Registered Investment Advisers (RIAs) + Exempt Reporting Advisers (ERAs) will be required, among other things, to implement a robust anti-money laundering (AML) compliance program, per recent FinCEN final rule. 🧵
On January 1, 2026, certain Registered Investment Advisers (RIAs) + Exempt Reporting Advisers (ERAs) will be required, among other things, to implement a robust anti-money laundering (AML) compliance program, per recent FinCEN final rule. 🧵
December 11, 2024 at 10:22 PM
Heads up, fund managers:
On January 1, 2026, certain Registered Investment Advisers (RIAs) + Exempt Reporting Advisers (ERAs) will be required, among other things, to implement a robust anti-money laundering (AML) compliance program, per recent FinCEN final rule. 🧵
On January 1, 2026, certain Registered Investment Advisers (RIAs) + Exempt Reporting Advisers (ERAs) will be required, among other things, to implement a robust anti-money laundering (AML) compliance program, per recent FinCEN final rule. 🧵
Say it with me now: "Away with the CTA!"
December 4, 2024 at 2:51 PM
Say it with me now: "Away with the CTA!"
🚨 Important Update for Fund Managers:
A Texas court just blocked key federal reporting requirements under the Corporate Transparency Act (CTA).
This ruling could have big implications for private funds and their compliance obligations. Details below 👇🏿
A Texas court just blocked key federal reporting requirements under the Corporate Transparency Act (CTA).
This ruling could have big implications for private funds and their compliance obligations. Details below 👇🏿
December 4, 2024 at 2:30 PM
🚨 Important Update for Fund Managers:
A Texas court just blocked key federal reporting requirements under the Corporate Transparency Act (CTA).
This ruling could have big implications for private funds and their compliance obligations. Details below 👇🏿
A Texas court just blocked key federal reporting requirements under the Corporate Transparency Act (CTA).
This ruling could have big implications for private funds and their compliance obligations. Details below 👇🏿
Reposted by Kareim Oliphant
There are some sneaky laws out there that can trip up your fund, and some of those can really trip you up if you're not careful.
A 🧵 on five legal regimes you shouldn't ignore if you're running an investment fund👇🏿
A 🧵 on five legal regimes you shouldn't ignore if you're running an investment fund👇🏿
November 14, 2024 at 9:51 PM
There are some sneaky laws out there that can trip up your fund, and some of those can really trip you up if you're not careful.
A 🧵 on five legal regimes you shouldn't ignore if you're running an investment fund👇🏿
A 🧵 on five legal regimes you shouldn't ignore if you're running an investment fund👇🏿
Reposted by Kareim Oliphant
How long does it take to raise an investment fund?
The short answer is 4-6 weeks, but there are important steps to consider. 🧵
The short answer is 4-6 weeks, but there are important steps to consider. 🧵
November 21, 2024 at 3:02 PM
How long does it take to raise an investment fund?
The short answer is 4-6 weeks, but there are important steps to consider. 🧵
The short answer is 4-6 weeks, but there are important steps to consider. 🧵
One thing I enjoy most about being an investment funds attorney is the constant intellectual challenge. On a given day, I might dive into:
⚖️ Securities law/regs
📜 Tax considerations
🏛️ Corporate law
📈 Investment finance
And the clients? Wicked smart + incredibly driven.
⚖️ Securities law/regs
📜 Tax considerations
🏛️ Corporate law
📈 Investment finance
And the clients? Wicked smart + incredibly driven.
November 27, 2024 at 2:14 PM
One thing I enjoy most about being an investment funds attorney is the constant intellectual challenge. On a given day, I might dive into:
⚖️ Securities law/regs
📜 Tax considerations
🏛️ Corporate law
📈 Investment finance
And the clients? Wicked smart + incredibly driven.
⚖️ Securities law/regs
📜 Tax considerations
🏛️ Corporate law
📈 Investment finance
And the clients? Wicked smart + incredibly driven.
Reposted by Kareim Oliphant
Did you know there’s a site to search for starter packs of people to follow? Built by @mubashariqbal.com
blueskydirectory.com/starter-pack...
blueskydirectory.com/starter-pack...
Bluesky Starter Packs - Bluesky Directory
Browse a list of Bluesky Starter Packs. Discover and connect with your community on Bluesky
blueskydirectory.com
November 23, 2024 at 9:43 PM
Did you know there’s a site to search for starter packs of people to follow? Built by @mubashariqbal.com
blueskydirectory.com/starter-pack...
blueskydirectory.com/starter-pack...
Fund managers: don’t guarantee returns.
Investors: if you’re investing in a fund with “guaranteed returns,” there’s a good chance you’re being scammed.
www.wsj.com/finance/inve...
Investors: if you’re investing in a fund with “guaranteed returns,” there’s a good chance you’re being scammed.
www.wsj.com/finance/inve...
‘I Don’t Know Where to Turn or What to Do.’ His $763,094 Retirement Fund Is in Limbo.
Richard Whitacre transferred his entire 401(k) into an account offering a ‘guaranteed’ 15.25% return. Will he ever see his money again?
www.wsj.com
November 23, 2024 at 2:02 AM
Fund managers: don’t guarantee returns.
Investors: if you’re investing in a fund with “guaranteed returns,” there’s a good chance you’re being scammed.
www.wsj.com/finance/inve...
Investors: if you’re investing in a fund with “guaranteed returns,” there’s a good chance you’re being scammed.
www.wsj.com/finance/inve...
🚨 Yesterday, a Texas federal judge overturned an SEC rule that expanded the definition of "dealer" to include proprietary trading firms, some hedge funds, and crypto firms, ruling that the agency overstepped its authority when adopting the rule. 🏛️🧵
November 22, 2024 at 1:41 PM
🚨 Yesterday, a Texas federal judge overturned an SEC rule that expanded the definition of "dealer" to include proprietary trading firms, some hedge funds, and crypto firms, ruling that the agency overstepped its authority when adopting the rule. 🏛️🧵
How long does it take to raise an investment fund?
The short answer is 4-6 weeks, but there are important steps to consider. 🧵
The short answer is 4-6 weeks, but there are important steps to consider. 🧵
November 21, 2024 at 3:02 PM
How long does it take to raise an investment fund?
The short answer is 4-6 weeks, but there are important steps to consider. 🧵
The short answer is 4-6 weeks, but there are important steps to consider. 🧵
Starter packs are a brilliant feature and I won’t be surprised when X rolls out its version.
November 21, 2024 at 4:31 AM
Starter packs are a brilliant feature and I won’t be surprised when X rolls out its version.
Reposted by Kareim Oliphant
For LPs in an investment fund, payout timing largely depends on the fund:
🔒 Closed-end funds: Fixed life, liquidate at the end, no early withdrawals.
🔓 Open-end funds: Operate indefinitely, withdrawals allowed (with limits).
Know the difference—it impacts your liquidity!
🔒 Closed-end funds: Fixed life, liquidate at the end, no early withdrawals.
🔓 Open-end funds: Operate indefinitely, withdrawals allowed (with limits).
Know the difference—it impacts your liquidity!
November 18, 2024 at 1:59 PM
For LPs in an investment fund, payout timing largely depends on the fund:
🔒 Closed-end funds: Fixed life, liquidate at the end, no early withdrawals.
🔓 Open-end funds: Operate indefinitely, withdrawals allowed (with limits).
Know the difference—it impacts your liquidity!
🔒 Closed-end funds: Fixed life, liquidate at the end, no early withdrawals.
🔓 Open-end funds: Operate indefinitely, withdrawals allowed (with limits).
Know the difference—it impacts your liquidity!
Some people use big words because they find language exciting. They've built their vocabulary through voracious reading and study.
Others use big words to appear smart, mask a lack of understanding of complex subjects, or to confuse others.
Maturing is discerning the difference between the two.
Others use big words to appear smart, mask a lack of understanding of complex subjects, or to confuse others.
Maturing is discerning the difference between the two.
November 20, 2024 at 6:46 PM
Some people use big words because they find language exciting. They've built their vocabulary through voracious reading and study.
Others use big words to appear smart, mask a lack of understanding of complex subjects, or to confuse others.
Maturing is discerning the difference between the two.
Others use big words to appear smart, mask a lack of understanding of complex subjects, or to confuse others.
Maturing is discerning the difference between the two.
⚠️ Fund managers & fund admins ⚠️
The SEC issued an update today in an enforcement action from last year against a fund admin for missing red flags in fund manager fraud. 🚩
The update (about procedure for returning recovered funds) is less important than the original action. 🧵
The SEC issued an update today in an enforcement action from last year against a fund admin for missing red flags in fund manager fraud. 🚩
The update (about procedure for returning recovered funds) is less important than the original action. 🧵
November 20, 2024 at 5:37 PM
⚠️ Fund managers & fund admins ⚠️
The SEC issued an update today in an enforcement action from last year against a fund admin for missing red flags in fund manager fraud. 🚩
The update (about procedure for returning recovered funds) is less important than the original action. 🧵
The SEC issued an update today in an enforcement action from last year against a fund admin for missing red flags in fund manager fraud. 🚩
The update (about procedure for returning recovered funds) is less important than the original action. 🧵
America’s beauty is its endless opportunities, but it’s easy to get caught up switching lanes and chasing side hustles & random interests.
Exploration has value, but it can become noise. True greatness comes from locking in on a few core things, and drowning out the noise. In other words, focus.💡
Exploration has value, but it can become noise. True greatness comes from locking in on a few core things, and drowning out the noise. In other words, focus.💡
November 19, 2024 at 4:55 PM
America’s beauty is its endless opportunities, but it’s easy to get caught up switching lanes and chasing side hustles & random interests.
Exploration has value, but it can become noise. True greatness comes from locking in on a few core things, and drowning out the noise. In other words, focus.💡
Exploration has value, but it can become noise. True greatness comes from locking in on a few core things, and drowning out the noise. In other words, focus.💡
Every other convo with my 4-year-old follows the same script: an establishing question, followed by a random "why" question that initially stumps me.
Recent example:
"Dad, are those your shoes?"
"Yep."
"Why are those your shoes?"
"🤔... because...I bought them?"
Never fails. 😂
Recent example:
"Dad, are those your shoes?"
"Yep."
"Why are those your shoes?"
"🤔... because...I bought them?"
Never fails. 😂
November 19, 2024 at 4:38 PM
Every other convo with my 4-year-old follows the same script: an establishing question, followed by a random "why" question that initially stumps me.
Recent example:
"Dad, are those your shoes?"
"Yep."
"Why are those your shoes?"
"🤔... because...I bought them?"
Never fails. 😂
Recent example:
"Dad, are those your shoes?"
"Yep."
"Why are those your shoes?"
"🤔... because...I bought them?"
Never fails. 😂
What are the current "market" terms for investment funds when it comes to fees, preferred returns, carried interest, etc.?
Here’s a breakdown of what we've observed across different asset classes lately. 🧵
Here’s a breakdown of what we've observed across different asset classes lately. 🧵
November 19, 2024 at 3:11 PM
What are the current "market" terms for investment funds when it comes to fees, preferred returns, carried interest, etc.?
Here’s a breakdown of what we've observed across different asset classes lately. 🧵
Here’s a breakdown of what we've observed across different asset classes lately. 🧵
For LPs in an investment fund, payout timing largely depends on the fund:
🔒 Closed-end funds: Fixed life, liquidate at the end, no early withdrawals.
🔓 Open-end funds: Operate indefinitely, withdrawals allowed (with limits).
Know the difference—it impacts your liquidity!
🔒 Closed-end funds: Fixed life, liquidate at the end, no early withdrawals.
🔓 Open-end funds: Operate indefinitely, withdrawals allowed (with limits).
Know the difference—it impacts your liquidity!
November 18, 2024 at 1:59 PM
For LPs in an investment fund, payout timing largely depends on the fund:
🔒 Closed-end funds: Fixed life, liquidate at the end, no early withdrawals.
🔓 Open-end funds: Operate indefinitely, withdrawals allowed (with limits).
Know the difference—it impacts your liquidity!
🔒 Closed-end funds: Fixed life, liquidate at the end, no early withdrawals.
🔓 Open-end funds: Operate indefinitely, withdrawals allowed (with limits).
Know the difference—it impacts your liquidity!
I’m curious about Bluesky’s long-term monetization plan.
For now, it seems to be selling paid services, starting with custom domains.
Unlike most social media platforms, Bluesky is philosophically opposed to selling user data for ads.
It’s an interesting departure from the ad-driven norm.
For now, it seems to be selling paid services, starting with custom domains.
Unlike most social media platforms, Bluesky is philosophically opposed to selling user data for ads.
It’s an interesting departure from the ad-driven norm.
November 17, 2024 at 2:46 PM
I’m curious about Bluesky’s long-term monetization plan.
For now, it seems to be selling paid services, starting with custom domains.
Unlike most social media platforms, Bluesky is philosophically opposed to selling user data for ads.
It’s an interesting departure from the ad-driven norm.
For now, it seems to be selling paid services, starting with custom domains.
Unlike most social media platforms, Bluesky is philosophically opposed to selling user data for ads.
It’s an interesting departure from the ad-driven norm.
I use social media to:
- keep up with current events
- follow people with interesting perspectives
- build my network
- provide value/share my interests and areas of expertise
- have engaging conversations
- have fun
I’ll spend more time on the platform that lets me do all this best.
- keep up with current events
- follow people with interesting perspectives
- build my network
- provide value/share my interests and areas of expertise
- have engaging conversations
- have fun
I’ll spend more time on the platform that lets me do all this best.
November 16, 2024 at 10:45 PM
I use social media to:
- keep up with current events
- follow people with interesting perspectives
- build my network
- provide value/share my interests and areas of expertise
- have engaging conversations
- have fun
I’ll spend more time on the platform that lets me do all this best.
- keep up with current events
- follow people with interesting perspectives
- build my network
- provide value/share my interests and areas of expertise
- have engaging conversations
- have fun
I’ll spend more time on the platform that lets me do all this best.