b'there and involves a lot of regulatory oversight. If thats not your ultimate goal, dont go down that path.Why Would Anyone Invest in a Fund of Funds?If you bring enough money to someone elses deal, you should be able to negotiate better terms from the company you are investing in, such as additional voting privileges, or a higher return than they are offering their smaller investors. This could be done with a side letter or a joint venture agreement,orevenapreferredclasswithintheirlimitedliability company. Additionally, your investors may be able to invest in deals that would otherwise not be available to them. For example: You may be investing in a Rule 506(b) Offering that requires a pre-existing relationship, and they dont know issuers with deals, but you do.Or the minimum raise amount may be more than your investors can handle on their own. For instance, there could be a $500k or $1M minimum, and your investors individually either cant or dont want to put that much into a single deal.Your investors dont know about real estate, but you do. Your investors are relying on you to vet the deal and the issuer of the securities your company is investing in, and its asset management team, in order to recommend sound investments on their behalf. This is where a fund of funds gets dicey, regulation-wise, as your investors 134'