What is the ideal first close target size for funds?

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Community Member

May 03, 2023

Fund Closing

What is the ideal first close target size for funds?

Question about the target size of the first close: our plan was to hold a first close at the $2.5M (25%) commitment level. We have heard Mike and Adeo mention a 10% level several times. What is the current best practice for nano funds such as ours?

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