Launch an institutional-grade VC fund in a day with no up front costs. 
Meet Start Fund
Previous Post
Next Post
1

Asked by

Community Member

on

in

General VC Questions

brokerage accounts for VC funds

I need to open a brokerage account for a portco that exited.  Will be holding the public stock before distributing to LPs.  Should I open the account for the LP or the Manco?  I am leaning toward using Fidelity but any recs on best brokerage account for VCs would also be appreciated.
1 See in Base
0

Answered by

Community Member

on

A brokerage account should generally be opened for the fund entity (the Limited Partnership in most cases) that the investment into the portfolio company was made from. We don't have any particular recommendations for best brokerage accounts - however in these cases funds often ask the portfolio company for one. Fidelity should work, as should any of the well-known brokerage houses. 

Join VC Lab

VC Lab, the leading venture capital accelerator, empowers new and emerging managers worldwide to close ethical, high-performing funds in under six months. The program provides cutting-edge tools, expert mentorship, and a global network to raise more money in less time. Apply if you want to build a meaningful venture capital firm.

Apply Now
How do I start raising my first venture fund? What are the key considerations for becoming a Limited Partner?
How can I improve my emerging manager firm's deal flow? What strategies help attract institutional LPs?
How do I build a compelling investment thesis? What are best practices for portfolio management?
How can I differentiate my VC firm in a crowded market? What are the typical fund terms for emerging managers?