Founding partner responsible for end-to-end institutional fundraising for a $250M first close and beyond: lead LP relationships, seed negotiations, placement agent management, LP-facing infrastructure, and sit on leadership team shaping firm strategy and product roadmap.
SILVER LEDGE CAPITAL
Founding Partner — Capital Formation
This is an opportunity for the right, entrepreneurially minded and experienced individual, to partner with us at the ground level. What we are missing is a partner who has spent a career raising institutional capital and now wants to own a piece of the firm doing it.What This Seat Is — and Is NotThis is a founder seat, not a job. There is no base salary until the fund reaches its first close. Compensation is GP equity in the management company, carried interest participation, and a market salary that activates at first close. You will be taking founder risk alongside the existing partners, who are funding the build.
We are deliberately not hiring a salaried head of IR. We are looking for someone who has considered launching their own firm, understands what that risk profile means, and would rather do it with an institutional-grade origination engine, a differentiated structure, and a live seeder process already underway — instead of from zero.The Mandate
Founding Partner — Capital Formation
GP equity seat · Remote / Northeast preferred · Confidential
The OpportunitySilver Ledge Capital is a private credit fund manager being formed by the founders of New Silver Lending, a technology-enabled lender in the residential transition loans (RTL) space. The fund will invest in residential transition and ground-up construction whole loans (~9.5–11% coupons), expanding into warehouse and other related verticals as it scales.This is an opportunity for the right, entrepreneurially minded and experienced individual, to partner with us at the ground level. What we are missing is a partner who has spent a career raising institutional capital and now wants to own a piece of the firm doing it.What This Seat Is — and Is NotThis is a founder seat, not a job. There is no base salary until the fund reaches its first close. Compensation is GP equity in the management company, carried interest participation, and a market salary that activates at first close. You will be taking founder risk alongside the existing partners, who are funding the build.
We are deliberately not hiring a salaried head of IR. We are looking for someone who has considered launching their own firm, understands what that risk profile means, and would rather do it with an institutional-grade origination engine, a differentiated structure, and a live seeder process already underway — instead of from zero.The Mandate
- Own the institutional fundraise end-to-end: strategy, pipeline, materials, and closing responsibility for the $250 M first close and beyond.
- Co-lead the active seed-investor negotiations, including term-sheet strategy and management of parallel seeder conversations.
- Build and own relationships across the institutional LP landscape: seeders and strategic platforms, insurance general accounts, consultants and OCIOs, funds-of-funds, endowments and foundations, and large family offices.
- Select, negotiate with, and manage placement agents where they add value; own consultant coverage and databases.
- Stand up the LP-facing infrastructure of an institutional manager: DDQ, track record package, quarterly reporting cadence, and data-room discipline.
- Sit on the management company's leadership team and shape firm strategy, product roadmap, and the Phase 2 interval-fund conversion.
- 10+ years raising institutional capital for private credit, real estate credit, or specialty finance strategies — at a fund manager, placement agent, or seeding platform.
- A personal, attributable track record of institutional capital raised — you can name the LPs, the checks, and the funds.
- Live, current relationships with allocators relevant to a $250M–$1B evergreen private credit vehicle; seeder and insurance-channel relationships are especially valuable.
- Fluency in fund structures and terms: evergreen and hedge-style vehicles, revenue-share seed economics, gates and lock-ups, REIT sleeves, and eventually registered (interval fund) products.
- Entrepreneurial disposition: comfortable with ambiguity, document-forward, and willing to build materials and process, not just work a rolodex.
- The financial capacity and temperament to work without a base salary for a defined runway period.
- Appropriate securities licensing history (e.g., Series 7/63/82) or a clean path to operating within the issuer exemption; unblemished regulatory record.
- GP equity: own part of the management company, vesting over time or milestones, with founder-level participation in the incentive allocation.
- Pre-close: no base salary; optional: modest expense draw / deferred compensation accrual payable at first close.
- Post-close: market base salary activates at first close, funded from the management fee stream and OpCo economics.
- Title path: Founding Partner at signing; Managing Partner, Capital Formation as AUM milestones are met.
- Alignment: to be discussed
Similar Jobs
Artificial Intelligence • Automotive • Greentech • Information Technology • Machine Learning • Software • Cybersecurity
Field sales professional responsible for retaining and growing revenue from an assigned book of dealer clients. Will perform consultative, solutions-based selling at client locations, collaborate across Cox Automotive teams, leverage Salesforce, and travel extensively (about 80%). Compensation includes base salary plus commission/incentive.
Top Skills:
Salesforce
Artificial Intelligence • Automotive • Greentech • Information Technology • Machine Learning • Software • Cybersecurity
Manages sales of Dealer.com and Cox Automotive products to franchise dealerships across Michigan and Ohio. Builds relationships with dealership decision-makers, consultatively sells and demonstrates solutions, closes complex opportunities, grows territory revenue, and meets sales targets. Provides industry insights, develops consensus among stakeholders, manages existing accounts, and supports territory coverage. This remote role requires the candidate to live in the territory and travel extensively, typically 70% or more.
Top Skills:
CdkDealer.ComDealersocketReynolds And ReynoldsRouteone
Artificial Intelligence • Automotive • Greentech • Information Technology • Machine Learning • Software • Cybersecurity
Field sales professional responsible for managing and growing an assigned book of dealer accounts. Conduct consultative, solutions-based selling at client sites and auctions (4-5 days/week, ~80% travel), collaborate with cross-functional teams, leverage Salesforce, meet monthly quotas, and deliver Cox Automotive Inventory Solutions and wholesale products to drive revenue.
Top Skills:
Salesforce
What you need to know about the Los Angeles Tech Scene
Los Angeles is a global leader in entertainment, so it’s no surprise that many of the biggest players in streaming, digital media and game development call the city home. But the city boasts plenty of non-entertainment innovation as well, with tech companies spanning verticals like AI, fintech, e-commerce and biotech. With major universities like Caltech, UCLA, USC and the nearby UC Irvine, the city has a steady supply of top-flight tech and engineering talent — not counting the graduates flocking to Los Angeles from across the world to enjoy its beaches, culture and year-round temperate climate.
Key Facts About Los Angeles Tech
- Number of Tech Workers: 375,800; 5.5% of overall workforce (2024 CompTIA survey)
- Major Tech Employers: Snap, Netflix, SpaceX, Disney, Google
- Key Industries: Artificial intelligence, adtech, media, software, game development
- Funding Landscape: $11.6 billion in venture capital funding in 2024 (Pitchbook)
- Notable Investors: Strong Ventures, Fifth Wall, Upfront Ventures, Mucker Capital, Kittyhawk Ventures
- Research Centers and Universities: California Institute of Technology, UCLA, University of Southern California, UC Irvine, Pepperdine, California Institute for Immunology and Immunotherapy, Center for Quantum Science and Engineering
