With 20 years of real estate experience and a large network, Jack Krupey of JK Asset Management had built a relatively successful diversified fund, which included around 30 syndication deals.
By building his second fund, a customizable fund, on Avestor’s platform, Jack has been able to give his investors a new level of control without sacrificing the diversification benefits and the accessibility of a fund.
JKAM’s first fund was a traditional diversified real estate fund. The fund provided investors an opportunity to build a diversified portfolio that spanned multiple investments. But many of Jack’s investors were seeking flexibility to select individual investments to build their own custom portfolio.
“We had pretty good success, but we had a lot of investors who wanted to invest in individual deals, and we didn’t really have an option to do that,” he explained. “I think we were losing some business, because not everyone wanted to be in a diversified fund.”
Jack was determined to give his investors the solution they were looking for, so he decided to launch the JKAM Flexible Allocation Fund on Avestor’s platform. With this customizable fund, investors can select the deals they want to participate in, and choose the amount of money they want to allocate to each deal.
“Now that we’ve built a fund on Avestor, investors can customize their investments more than ever before,” he explained.
Avestor’s platform provided JKAM significant flexibility, operational efficiency and cost savings. In less than one year, JKAM launched over 10 investment opportunities for their investors and raised millions of dollars of capital. Within a single fund, Jack was able to offer his investors equity investments, debt investments and fixed income notes. Each investor selected the opportunities they wanted to participate in and built their own custom portfolios, all inside a single fund.