Bridger PenningtonFund Launch & Investment Expert

They Used This Trick To Riase Money For A Billion Dollar Fund 🤑

11 Jul 2025 · 0 min

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Bridger Pennington explains how fund managers raised a billion dollars by first collecting $95M from 80 to 90 high-net-worth individuals and small family offices. Early momentum, like a $1.75M commitment, pressured larger investors to join before the fund closed.

He said what was so interesting was this. On a billion-dollar fund, we'd go raise the first $95 million from high-net-worth individuals and small family offices, and they'd get 80 to 90 investors. Because what happens is you talk to the big dog, and if they call you in a month from now, how are you guys doing on the project? Well, we haven't raised a dollar. It's like, okay, these guys have no momentum. Versus if they call back and like, oh no, we've already got $1.75 million. You know, these guys are serious. So you guys better get on the horse or get out of here. Because everyone wants to be slow until they can't anymore.