JF 4156: The Economics of Fund of Funds: Modeling, Margins & Misconceptions ft. Sam Silverman

Seth Bradley interviews Sam Silverman to break down fund-of-funds economics, common misconceptions, and why this structure has become a critical part of modern capital raising. Sam explains how fund-of-funds models create cleaner, more compliant alignment between sponsors, fund managers, and passive investors—without automatically eroding returns.

The conversation walks through how margins are actually created, why share classes and underwriting decisions matter earlier than most sponsors realize, and how fund managers can structure compensation sustainably. Sam also shares practical guidance on when fund-of-funds make sense, how to explain layered economics to investors, and why long-term alignment matters more than short-term fee optimization.

Sam Silverman
Current role: Founder, Fully Funded
Based in: United States
Say hi to them at: https://www.fullyfunded.com/

Visit ⁠www.tribevestisc.com⁠ for more info.

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Podcast production done by⁠ ⁠Outlier Audio⁠

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