Raise Capital Legally From Rookie to Pro: Do's and Don'ts from a First-Time Fund Manager
Sep 19, 2025
Hector Hernandez, founder of HDZ Real Estate Partners, shares his journey as a first-time fund manager. He discusses the nuances of launching a real estate investment fund, including the importance of crafting a compelling pitch before legal documents. Hector highlights the struggle of maintaining discipline in deploying capital, cautioning against rushing in. Team building and leveraging professional networks are key themes, as well as the lessons learned from navigating investor relations and marketing strategies. His insights are invaluable for aspiring fund managers.
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Early Mentor Sparked A Real Estate Career
- Hector learned real estate young, mentored by the broker who sold him his first home and taught him the business.
- He progressed from house hacking to building service companies and investment portfolios in South Florida.
Get A Mentor And Keep Learning
- Find a mentor or coach to avoid costly mistakes and accelerate learning on your first deals.
- Keep a growth mindset and keep learning when markets or asset classes change.
Fund To Serve Unsophisticated Investors
- Hector launched a blind-pool fund to scale access for investors who lacked investment knowledge or diversification.
- He positioned himself as a professional to reduce individual investors' execution risk.
