On today’s podcast I had Bridger Pennington on. Bridger is the fund expert! This guy has trained students all over the country on how to start funds. We talked about all the differences of the various funds, wether it’s private equity, hedge funds, real estate funds, 506B, and 506C. If you’ve ever wondered what all these terms mean, we go in-depth on it in this podcast! We also talk about conspiracy theories of how Blackstone and BlackRock operate, and why the fed is actually buying equities, like Google and houses. Why are they doing those things? We also talk about where interest rates are going, inflation, and other different topics you will be interested in! Then we go into crypto, NFT’s, what it’s going to look like in the Metaverse as finds gain notoriety and as people raise funds to do things! It is a really good podcast and is one of my favorites that I’ve done!
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Bridger’s Free Course - https://www.investmentfundsecrets.com
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Creating a fund can be a lengthy and intimidating process, so Bridger and I aim to make them seem a lot better through this podcast episode!
Bridger Pennington grew up in Utah in an average household and was very ambitious. He started SIX different businesses his freshman year of college! He started a Chinese tutoring company, built websites for companies, and wholesaled houses. His dad set him up with a mentor to help guide him to his career in funds. His dad and the mentor were business partners in funds. Bridger was taught all about funds by his dad. He and his dad started creating a fund when he was only 22 years old! Bridger was tasked to gather investors and started by recruiting his dad!
Bridger Pennington explains the difference between 506B and 506C funds. Funds don’t file for exemptions like public companies. Regulations for funds are under Regulation D. In section 506, there are two additional categories - B and C. Most private money in raised through section 506B. This section is so popular because unlimited amounts of money can be raised through 35 non-accredited investors at a time, and an unlimited amount of accredited investors. A caveat of this section is that it cannot be publicly advertised! Section 506C is similar, but can be advertised and only accepts accredited investors.