In 2025, capital allocators aren't just asking, “What’s your strategy?”; they’re asking, “How is your fund structure built to support it?”
For fund managers raising across multiple asset classes, whether it’s real estate, private credit, energy, or alternatives, the traditional frameworks are beginning to buckle. Syndications struggle to scale across asset types, and blind pool funds feel too rigid in a market that now demands transparency and choice.
We’re seeing a new blueprint emerge, one that blends deal-level flexibility with institutional-grade efficiency.
At Avestor, we call this the Customizable Fund™ structure, and it’s designed for the modern multi-asset fund manager.
Why are Traditional Structures Breaking Down?
If you’re raising across different asset classes or strategies, chances are you’ve faced at least one of these pain points:
- Every raise is a reset: New filings, new trust-building, and repeat legal costs
- Investor confusion: LPs want visibility and control, but blind pools lump everything together
- Operational overload: Separate SPVs, disjointed compliance, and inefficient reporting
Syndications were built for simplicity: one deal, one entity. But the moment you introduce multiple assets or strategies, the friction multiplies.
And while blind pool funds offer some streamlining, they come with their own tradeoffs: slower closes, less LP engagement, and higher skepticism from capital allocators used to more transparency.
Capital Allocators Are Shifting Their Expectations
In our calls with capital raisers, allocators and fund managers, one pattern is clear: LPs are no longer content with rigid, pre-defined strategies.
They want:
- The ability to say yes or no to specific deals
- Clarity on what they’re investing in, when, and why
- A consistent onboarding and reporting experience even across multiple investments
Allocators don’t want a new pitch every quarter. They want one fund, one relationship, and full optionality within it.
The Rise of Our Customizable Fund™
The Customizable Fund™ flips the traditional fund model on its head.
Instead of forcing LPs into a one-size-fits-all strategy, it allows you to:
- Raise capital continuously under a single fund umbrella
- Let LPs opt in only to the deals they want, even across asset classes
- Maintain separate SPVs or deal entities within a unified structure
- Streamline compliance, reporting, and investor communications
It’s the best of both worlds:
- The transparency and flexibility of deal-by-deal raising
- The scale, efficiency, and credibility of a fund
Why This Matters in a Multi-Asset World?
If you’re running multiple strategies, say, multifamily, industrial, and debt; your structure needs to support complexity without confusing your investors.
With a Customizable Fund™, you can:
- House multiple asset classes under one fund umbrella
- Segment opportunities by strategy, geography, or risk profile
- Allow LPs to build their own portfolio from within your fund
- Report holistically while preserving deal-level performance
This structure isn’t just easier for you, it’s better for your LPs. It reduces trust friction, simplifies re-investments, and increases long-term engagement.
Real-World Outcomes We’ve Seen at Avestor
Since introducing this model, we’ve worked with over 400+ fund managers who were previously stuck in the syndication cycle or hesitant to launch a fund at all.
Here’s what they’re now seeing:
✅ Shorter fundraise timelines
✅ Repeat LP participation across multiple deals
✅ Fewer compliance headaches across filings and states
✅ Clearer positioning when pitching allocators and family offices
One fund manager we worked with transitioned from 5 separate SPVs across 3 strategies into one Customizable Fund™. In under 6 months, they doubled their average investor check size and reduced their legal spend by 60%.
Scaling Is a Fund Design Problem, Not a Marketing Problem
If your team is constantly chasing new investors, redoing PPMs, and juggling fragmented investor experiences, it’s not a capital issue; it’s a structural one.
The new blueprint for multi-asset managers doesn’t require you to sacrifice flexibility or build a traditional blind pool fund before you’re ready.
It requires you to design a fund structure that grows with you, and with your investors.
Conclusion: It’s Time to Build Smarter, Not Just Bigger
In 2025, your fund structure is your growth strategy. It determines how fast you can raise, how clearly you can communicate, and how confidently your LPs can commit.
Whether you’re managing multiple asset types or planning to expand beyond your current niche, a Customizable Fund™ offers the framework to do it seamlessly.
📞 Ready to Design Your Fund for Scale?
Let’s talk through how this would work for your strategy.
👉 Book a free strategy call and see how 400+ fund managers are using the Avestor platform to build modern, multi-asset funds that scale.
