LP17: How To Identify Great Operators | Insights From $3.2B Under Fund Administration w/ Lance Pederson

If you’re looking to deploy money to generate cashflow and you’re not 100% sure who you want to trust your money with, I highly recommend listening to this episode.  In this episode of The Legacy Wealth Podcast (soon to be rebranded to the Grow Your Cashflow Podcast), I interviewed Lance Pederson who grew a fund administration company to over $3.2B in assets under administration that helped various fund operators run their fund properly. He has this unique point of view where he’s been able to see what great operators look like across the industry because he’s helped 100s of investment firms set up their funds.In this episode, he covers: His insight into what questions he asks to determine who to invest with Challenges faced by operators transitioning to the fund model. And investment terms to look for with an investment firm launching their first fund  // About The Guests:========================Lance is the co-founder of Resonance Industrial Fund which was formed to invest in Class B industrial properties throughout the US Heartland.  Their objective is to provide high net worth individuals and small family offices with monthly double-digit cash flow, growth and the benefits of depreciation. He began investing in private investments in 2022 and had invested over $2M in over 8 deals as an LP.Pascal Wagner is the founder of the Grow Your Cashflow Network which was formed to help accredited investors learn how to earn consistent passive income from private investments. Previously, he was the Fund & Portfolio Manager at Techstars, making over 300 follow-on investment decisions primarily for the Techstars Ventures ‘17 and ‘21 Funds, he founded Walkthrough, which was acquired by PlanOmatic in 2019, he founded Online Ad Labs which was acquired by PosterBrain in 2016, and he has owned a growing portfolio of real estate properties across the United States since 2013.// About The Show:========================Welcome to The Legacy Wealth Podcast where we help accredited business owners become educated & get access to, private investments that the wealthiest investors in the world utilize to grow their net worth. We do this by providing insight & access to successful fund managers & investors across multiple asset classes.// Links Related To This Episode:========================- Learn how to earn passive income from private investments: www.growyourcashflow.io- Get access to our deal database of all 506(c) cashflow opportunities we come across at: https://growyourcashflow.io/investor-club- Follow Pascal Wagner on Social: www.investwithpascal.com- Follow The Legacy Wealth Podcast on your favorite platform: https://legacywealthpodcast.transistor.fm/- Watch the show on YouTube: https://youtu.be/MCuHzzFCYaE- Reach out to Lance Pederson on Linkedin: https://www.linkedin.com/in/lancepederson/- Learn more about Resonance Capital Group: https://www.linkedin.com/company/resonance-capital-group/
// Key Time Stamps & Topics========================
Time Stamps:00:00 - Intro00:58 - Background of Lance Pederson and his involvement in private investments.02:15 - Explanation of the Heartland term and its significance.02:30 - Importance of the Heartland's transportation and infrastructure.03:15 - Lance's background and expertise in advisory and alternative investments.03:27 - Consulting LPs and advising on capital structures in the alternative investment space.04:13 - Launching a fund administration firm to oversee investments05:00 - Importance of fair and equitable fund administration and oversight.06:00 - Learning complicated concepts quickly to provide effective advice.06:45 - Identifying trends in investment preferences, such as multifamily assets.07:15 - Identify