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What are the Pros, Cons, and Considerations for Involving Angel Syndicates as LPs in Your Investment?

Looking for guidelines/best practices with regards to angel syndicates- what are the pros/cons of having one or more LP's that are angel syndicates? -are there special terms to consider? -pitfalls to avoid?
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For any fund over $5 MM, syndicates are a waste of time. They take an enormous amount of effort to close and to manage, and they don’t raise sizable amounts of capital. For example, it’s not uncommon to spend hundreds of hours, $50,000 USD and 6 months to raise less than a million.
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What if you set a minimum from the outset because the Angel Syndicate was formed to invest in your fund?

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