Sublime

Tokens might emerge to be one of the most important applications of smart contracts, potentially revolutionizing asset management as we know it. This is why the last two parts of this book are dedicated entirely to the topic of tokens.

Fund Structure

Traditional Fund

Traditional funds typically do a “big bang” fundraise and begin deploying capital after the First Close. Once the fund is officially closed, they’re unable to accept new LPs.

That said, it’s not uncommon for fund managers to leave their fund “open” for several months while deploying and raising additional capital.

Ro

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