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Listen "Ep. 206 | Exploring Co-GP and Fund of Funds Models for Syndications"
Episode Synopsis
Welcome back to the Mobile Home Park Lawyer Podcast! In this solo episode, Ferd unpacks two nuanced syndication structures that are shaping today’s real estate deals: co-GP partnerships and fund-of-funds models. Drawing from his legal and investing experience, Ferd explains how these approaches work, their pros and cons, and the real-world risks that come with each.
Ferd breaks down the co-GP model—where multiple general partners join forces to raise capital, find deals, and combine skill sets—while warning of the legal and reputational pitfalls if a “money finder” arrangement crosses the line. He also explores fund-of-funds syndication, where a manager pools investor money to place into other sponsors’ deals, highlighting the benefits of diversification, better access to elite opportunities, and lower minimums alongside the drawbacks of double fees, less control, and reliance on another sponsor’s judgment.
Whether you’re an operator considering how to structure capital or an investor weighing direct vs. pooled opportunities, this episode gives you a clear framework to evaluate both models. Tune in now to learn how to protect yourself, spot risks early, and make informed syndication decisions.
Highlights of the episode:
01:00 – What is a co-GP structure and how it works
01:47 – The benefits of co-GP
02:39 – The downsides of partnerships
04:01 – Real-world partnership challenges
04:37 – Risk mitigation
07:04 – Introducing the fund-of-funds model
07:21 – How fund-of-funds give investors diversification
08:55 – Benefits for investors
10:55 – The cons: double fees, dilution of returns, less control
12:11 – Questions investors and GPs must ask before choosing a model
12:44 – balancing convenience, risk, and control in syndications
Connecting with MHP Law:
Website: https://themobilehomelawyer.com/
Facebook: https://www.facebook.com/The-Mobile-Home-Park-Lawyer-103814958118069
LinkedIn: https://www.linkedin.com/in/themhplawyer-ferdniemann6923147/
Instagram: https://www.instagram.com/themhplawyer
#MobileHomePark #MHPInvesting #RealEstateInvesting #Syndication #RaisingCapital #FundOfFunds #CoGP #PassiveInvesting #DueDiligence #Partnerships
Ferd breaks down the co-GP model—where multiple general partners join forces to raise capital, find deals, and combine skill sets—while warning of the legal and reputational pitfalls if a “money finder” arrangement crosses the line. He also explores fund-of-funds syndication, where a manager pools investor money to place into other sponsors’ deals, highlighting the benefits of diversification, better access to elite opportunities, and lower minimums alongside the drawbacks of double fees, less control, and reliance on another sponsor’s judgment.
Whether you’re an operator considering how to structure capital or an investor weighing direct vs. pooled opportunities, this episode gives you a clear framework to evaluate both models. Tune in now to learn how to protect yourself, spot risks early, and make informed syndication decisions.
Highlights of the episode:
01:00 – What is a co-GP structure and how it works
01:47 – The benefits of co-GP
02:39 – The downsides of partnerships
04:01 – Real-world partnership challenges
04:37 – Risk mitigation
07:04 – Introducing the fund-of-funds model
07:21 – How fund-of-funds give investors diversification
08:55 – Benefits for investors
10:55 – The cons: double fees, dilution of returns, less control
12:11 – Questions investors and GPs must ask before choosing a model
12:44 – balancing convenience, risk, and control in syndications
Connecting with MHP Law:
Website: https://themobilehomelawyer.com/
Facebook: https://www.facebook.com/The-Mobile-Home-Park-Lawyer-103814958118069
LinkedIn: https://www.linkedin.com/in/themhplawyer-ferdniemann6923147/
Instagram: https://www.instagram.com/themhplawyer
#MobileHomePark #MHPInvesting #RealEstateInvesting #Syndication #RaisingCapital #FundOfFunds #CoGP #PassiveInvesting #DueDiligence #Partnerships
More episodes of the podcast The Mobile Home Park Lawyer Podcast
Ep. 202 | Interview with Matt Owens on Raising Capital, Financial Engineering, and Managing Projects
24/04/2025
Ep. 201 | Interview With MHP Owner Cory Harelson on How To Survive An Unplanned Emergency
17/04/2025
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