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Masterclass

Masterclass: Raising Capital for a Systematic Trading Fund

A masterclass for senior quants, prop desk leads and aspiring systematic fund managers in India who have a strategy and now need outside capital. It covers the full raise: choosing between a SEBI PMS, a Category III AIF and a GIFT City IFSC structure; the minimum tickets, sponsor commitment and tax treatment that shape each; fee economics and breakeven AUM; why allocators discount backtests and how to build a verifiable live track record; the pitch deck and the hard questions on overfitting, capacity and key person risk; the due diligence questionnaire and operational due diligence that family offices, wealth platforms and global allocators run; seed and anchor deals, first-loss capital, founders' share classes and side letters; distribution through wealth managers and placement agents; and how to run the pipeline, report to investors through drawdowns and manage capacity once the money arrives. Every lesson uses Indian regulation, Indian allocators and realistic rupee numbers, and the capstone has you write your own fund's capital raising plan.

Category III AIFPMS StructureGIFT City IFSCFund EconomicsTrack RecordInvestor PitchDue DiligenceSeed and Anchor DealsInvestor Relations

MODULES

7

DURATION

~5.5 hrs

TRACK

Quantitative Finance

What You'll Master

Choose the right vehicle for a systematic strategy in India: PMS, Category III AIF, GIFT City IFSC fund or managed accounts

Model fee structures, hurdle rates, high-water marks and the breakeven AUM your fund needs to survive

Build a track record that allocators actually trust, and present performance the way institutional investors read it

Write and deliver a systematic fund pitch that explains edge, risk and capacity without giving away the strategy

Prepare for a due diligence questionnaire and operational due diligence on custody, fund administration, audit and technology

Negotiate seed, anchor and first-loss deals, founders' share classes, lock-ins, gates and side letters

Run a capital raising pipeline, manage investor communication through drawdowns and scale AUM without destroying alpha

Access Level

LEARNER

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Everything included

Full Text Playbooks

Actionable Exercises

Mobile Reading Mode

Lifetime Updates

Curriculum Breakdown

Chapter 1: What Allocators Actually Buy

3 Lessons

The Indian Systematic Fund Landscape: Prop Book, PMS, Category III AIF and GIFT City13 min read

Who Writes the Cheques: HNIs, Family Offices, Wealth Platforms, Institutions and Seeders13 min read

What an Allocator Is Really Buying: Edge, Process, Capacity and Trust12 min read

Chapter 2: Choosing and Building the Vehicle

4 Lessons

PMS vs Category III AIF: Minimum Tickets, Corpus, Sponsor Commitment and Tax15 min read

Managed Accounts, Advisory Mandates and the Prop-to-Fund Bridge12 min read

GIFT City IFSC: Raising Foreign Capital for an India Strategy13 min read

Fund Economics: Management Fee, Performance Fee, Hurdle, High-Water Mark and Breakeven AUM15 min read

Chapter 3: The Track Record Problem

4 Lessons

Backtest vs Live: Why Allocators Discount Simulated Returns13 min read

Building a Verifiable Track Record: Audited Returns, Broker Statements and Third-Party Verification13 min read

Presenting Performance the Institutional Way: Sharpe, Drawdown, Attribution and Capacity14 min read

The Incubation Phase: Running Small to Raise Big12 min read

Chapter 4: The Pitch

4 Lessons

The Systematic Fund Pitch Deck: Twelve Slides That Answer Every Allocator Question14 min read

Explaining the Strategy Without Giving It Away12 min read

The Risk Story: Drawdown Limits, Kill Switches and What Happens When the Model Breaks13 min read

Handling the Hard Questions: Overfitting, Capacity, Key Person and Regime Change13 min read

Chapter 5: Due Diligence

3 Lessons

The Due Diligence Questionnaire: What Indian Family Offices and Global Allocators Ask14 min read

Operational Due Diligence: Custody, Fund Administration, Auditors, Brokers and the Tech Stack14 min read

Regulatory Readiness: SEBI Registration, the PPM, Code of Conduct and Marketing Rules13 min read

Chapter 6: Structuring the Deal

4 Lessons

Seed and Anchor Investors: Founders' Share Classes, Fee Discounts and Revenue Shares14 min read

First-Loss Capital, Managed Account Platforms and Prop Allocations13 min read

Term Negotiation: Lock-ins, Gates, Redemption Terms and Side Letters13 min read

Distribution: Wealth Platforms, Placement Agents and Distributor Economics13 min read

Chapter 7: Running the Raise and Keeping the Capital

4 Lessons

The Capital Raising Process: Pipeline, Timeline and Conversion Math13 min read

Investor Reporting: Monthly Letters, Drawdown Letters and Transparency That Retains Capital12 min read

Scaling AUM Without Killing Alpha: Capacity Management and Closing the Fund13 min read

Capstone: Writing Your Fund's Capital Raising Plan15 min read