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OPM Capital

Rolling Fund (AngelList) as GP

Raise capital quarterly as a fund manager — no closed-end fundraise cycle.

Overview

AngelList's Rolling Fund structure lets a solo GP raise on a rolling quarterly subscription basis (LPs commit for 4+ quarters at a time) rather than a traditional 18-month closed-end raise. Public marketing under 506(c). Standard 20% carry + 2% mgmt fee. Turns an operator with dealflow into a fund manager who deploys OPM, not personal capital.

Best fit
Operators with proprietary dealflowAngel investors scaling to fundCommunity-led founders
Estimated impact
Deploy $500K–$10M+/yr of LP capital; earn 2/20 economics

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