How To Start Your Own Investment Fund Without Needing Wall St Experience | Bridger Pennington
Millionaire Mindcast
Matt Aitchison Media, Inc
4.4 • 716 Ratings
🗓️ 30 December 2019
⏱️ 55 minutes
🧾️ Download transcript
Summary
In this episode of the Millionaire Mindcast, we have a magnificent guest, Bridger Pennington who shares the value, and tools that he’s building on gives tips on how to start a fund, how to find investors, how to structure the terms of your fund and deal, what are the pros and cons of syndication and the fund, and the best strategies for raising capital!
Bridger Pennington is the Founder of Black Bridge Capital: Privately run debt fund that has done over 142 deals in 38 states over the last 18 months. He helps people launch highly lucrative funds (PE, VC, Hedge, and Debt).
Ever since Bridger is a hustler, he was in First Year College when he started tutoring Chinese kids but stopped because it didn’t make much money. Then, he got in real estate and wholesaling for a while. Bridger grew up in a super entrepreneurial home. His family was living a very frugal life that anyone couldn’t imagine without knowing that his father had already started a successful funding business. Bridger was shocked, amazed, and inspired as he found out his father’s business, so he worked hard to learn everything about the fund.
Later, Bridger follows his father’s footsteps and builds his own fund business out from scratch without a penny from his father’s pocket. He figured out everything through advice and tips from his father. Bridger is a risk-taker who is not afraid of raising money and pitching his fund. He believes that it’s all about finding the right person to be your partner with.
Now, Bridger is coaching people on how to structure funds, find amazing investors and partners, and helping people understand what fund really is. Helping out people especially young guys raising millions of money to go out there and start their funds.
Some Questions I Ask:
- Who are you, brother? What do you stand for? What do you do? (00:53)
- Why start a fund? What are some of the benefits and the things that people can overlook that can help them scale opportunities? (07:26)
- How do you help people overcome some of those limiting beliefs and common misconceptions of starting a fund are complicated as what many people think it is? (11:02)
- How to start a fund? (15:44)
- How lean can one run a fund? (21:10)
- What are the pros and cons of syndication versus funds? (25:41)
- What are some of the different structures that maybe people should be thinking about or doing more research on how to structure the terms of their fund and the deal? (30:07)
- Give us one or two simple strategies for raising capital. (35:40)
- What is your vision and goals with your investment fund moving forward? (43:22)
In This Episode, You Will Learn:
- The two governing documents of the fund –‘the bible of the fund’. (04:40)
- How Bridger structure and build a fund from scratch. (06:25)
- SID Funds – what type of fund is. (09:03)
- Tips on raising money and starting a fund business. (11:36)
- The pros of being able to understand the fund. (17:29)
- Best strategies for winning investors. (30:59)
- Credit Investors and Non-Credit Investors. (31:33)
- The purpose of LCC. (32:32)
- The pros of partnering with credit investors. (33:56)
- Advice for people who aren’t good at talking to others or pitching. (40:45)
Quotes:
- “I’m gonna make money any way possible.”
- “You can bring the pieces together and blow it up.”
- “You don’t need to be the Jack of all trades, just learn a few simple traits.”
- “The investors who invest the deal guy 10 times more than invest in just a resume guy.”
- “You’re an entrepreneur, be scrappy, be frugal.”
- “You don’t know who’s wealthy and who’s not.”
- “You can’t do it alone.”
Connect with Bridger Pennington on:
Investment Fund Secrets Podcast
Show Brought To You By: TheRichLifeAcademy.com
Episode Sponsored By: TheRichLifeStore.com
Questions? Comments? Do you have a success story you would like to share on the show? Send us an email to [email protected]
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Welcome to the Millionaire Mindcast, where we broadcast weekly interviews with millionaire |
| 0:10.3 | minds from across the globe to empower you on your journey of unlocking a rich and fulfilling life. |
| 0:17.0 | It's time to unleash your millionaire within. |
| 0:19.8 | Now, here's your host, Maddie A. |
| 0:23.4 | Oh, yeah, I got a great show for you guys today. |
| 0:26.2 | If you are an investor or you're an aspiring investor, then this is an amazing episode to dig into. |
| 0:33.8 | And you may want to listen to this a couple different times because we're going to talk |
| 0:37.8 | about how you can start your own investment fund. Now, you might be thinking no way. There's |
| 0:45.5 | no way I can do that. You know, you got to be from Wall Street or you got to be a graduate |
| 0:51.2 | from an Ivy League school in order to be able to spin up your own investment fund. |
| 0:56.5 | And that is just not the case. In today's episode, we talk about how at 21 years old, while he |
| 1:02.3 | was still in college before he dropped out, Bridger started his own private investment fund. |
| 1:08.5 | And Bridger Pennington, he's the founder and managing director of Black Bridge Capital, |
| 1:13.9 | which is a private debt fund that does loans and financing and investing. |
| 1:21.1 | And he is somebody now who has become an expert and teaches other people how to build and start private investment funds |
| 1:30.9 | as well. And he really breaks down why you don't need to be from Wall Street or an Ivy League |
| 1:36.8 | to start your own fund. He also talks about the benefits of having a fund and the key roles |
| 1:43.0 | of people you need to start a fund, how to raise money for |
| 1:46.5 | the fund, how to structure the fund, syndications versus funds, because a lot of questions |
| 1:53.1 | that people have is why not just syndicate deals versus why have a fund and the pros and the |
| 1:58.5 | cons between each of those. This was a really fun episode and it is inspiring to one see how easy, not easy, how simple |
| 2:10.3 | it is and how anyone can do this. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Matt Aitchison Media, Inc, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Matt Aitchison Media, Inc and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.