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Hurricane Ventures
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Subscription Amount
$5,000+ Quarterly
Subscription Period
1-16 Quarters
Management Fee
2% per year over 10 years
Carry
20%
Admin Fee (annualized)
$2.5k + 0.2% of contributed capital
Invest Account
Select invest account
Note from FortySix Venture Capital LLC
FortySix Venture Capital LLC (“46VC”) has partnered with the University of Tulsa to develop and manage the Hurricane Ventures fund. This fund will invest in early-stage companies led by the University of Tulsa students, staff, alumni, and strategic partners. The fund will assist in the commercialization of University-owned, related, and sponsored technologies.
The University of Tulsa is a private research institution and enjoys world-class research and facilities in the areas of Energy, Business, Health Sciences, Engineering, Natural Sciences, and Cybersecurity as you will see a few highlights below.
- # 20 Ranked STEM college in the nation
- # 23 Ranked Cyber Security program in the nation
- # 3 Ranked Petroleum Engineering School in the nation
- Ranked in the top 25% of all research Universities
The University has a proven track record in cultivating founders as 220 TU alumni have started 130+ companies and raised over $1.7B in VC funding (last 10yrs). By placing capital in line with these strengths of the University we will be able to provide access to tremendous deal flow for investors and tremendous support for founders by funding the next 100+ ventures.
The fund deploys a Rolling Fund model where you subscribe to our deal flow directly with a quarterly capital commitment. Like a traditional fund, it charges a management fee and a carried interest. Unlike a traditional fund, the huge benefit to you is that after the first four quarters, you can change your commitment amount every quarter, raising and lowering it for future investments. There's no locked-in commitment for the future.
The huge benefit for Hurricane Ventures is that we can raise money incrementally, one investor at a time, rather than having to do a one-time, big-bang fundraise and then lock the fund for four years. The net effect is that you're now subscribing to our deal flow related to Hurricane Ventures. You can eventually (after the first four quarters) raise or lower your capital every quarter depending on your confidence and desired risk exposure.
AngelList creates a series of quarterly funds, and then does the calculations to cross the carry on top to create a single "virtual fund". Having a third-party administrator backbone is a big advantage to investors.
Hurricane Ventures will invest in technology companies at the pre-seed through Series A stages and is sector agnostic generally but highly focused on sectors the University of Tulsa is known for developing. Most investments will be in the $50K - $500K range.
46VC is uniquely positioned to lead this effort. Our team has closed hundreds of private transactions and enjoys a robust deal flow. We have a long history of being fiduciary managers of investment capital. We can move fast because we know the process so well. Moreover, we have been operators and are well in sync with what founders need to scale a business.
FortySix Venture Capital LLC
Investment Details
Subscription Start Date
October 1, 2024
Minimum Quarterly Subscription
$5,000
Management Fee
Investors pay management fees of 2% per year for the first 10 years.
Management fees are taken as a percentage of the total committed capital. The total management fee is paid out quarterly over the first
four years of the fund's life.
Carry
Twenty percent (20%)
Admin Fee (annualized)
$2.5k + 0.2% of contributed capital
Fees for each quarterly fund in the Rolling Fund Program will vary based on each quarterly fund’s capital contributions since the fee includes a flat fee component. Last quarter, this fund closed $257.65k in capital. Learn more about how to estimate your commitment’s fees at our help center.
Fund Lead Commitment
FortySix Venture Capital LLC's personal subscription per quarter will be at least 2% of each quarterly fund's total committed capital with a quarterly cap of 2% of each quarterly fund's total committed capital.
Investor FAQ
How is this program different from venture fund investing?
How do subscriptions work?
How do management and admin fees work?
How does carried interest work?
How do distributions work?
Will a Limited Partner (LP) participate in all investments made by the funds offered through this Program?
Will an LP's percentage ownership of quarterly funds always be the same?
Are LPs guaranteed access to Hurricane Ventures' future funds?
How are subscriptions funded?
How does changing or canceling a subscription work?
Who manages these funds?
Do funds in this Program have minimum or maximum investment sizes?
What happens if funds in this Program do not invest their total capital each quarter?
When will LPs learn about companies the funds invested in?
Can LPs opt out of specific deals?
Can LPs sell their investment in the fund?
Can LPs redeem their interests in the fund?
When will funds launched under this Program begin deploying capital?
How do I receive tax documents from this Program?
Unanswered questions? Contact AngelList
The performance of past deals or a lead investors' track record is not a guarantee of future returns. Venture capital fund investments are inherently risky and illiquid. Such investments involve a high degree of risk and are suitable only for sophisticated and accredited investors.
AngelList and its affiliates do not provide investment advice to investors. The information on this page should not be relied upon as research, investment advice or a recommendation of any kind. Information on this page is qualified in its entirety by the fund's Limited Partnership Agreement, Private Placement Memorandum and Subscription Agreement, which should be reviewed carefully prior to making an investment decision. Please see these documents for full details regarding risks, minimum investment, fees and expenses. The Fund Lead and the fund's investment advisor have the right to waive or charge additional carry to certain investors. The fund's legal name may be different from the name used above.
This fund may accept new investors after the fund undergoes a valuation update. Certain potential investors in the fund may then have access to materially different information concerning fund value at the time of their investment.
Current or future portfolio companies in this fund may use AngelList's recruiting platform and may pay an affiliate of the fund's investment adviser for premium recruiting tools and services. This may create a potential conflict of interest for the investment adviser, which you will consent to by subscribing to the fund.
Please read the disclosures in full here.
Apply To Subscribe
Subscription Amount
$5,000+ Quarterly
Subscription Period
1-16 Quarters
Management Fee
2% per year over 10 years
Carry
20%
Admin Fee (annualized)
$2.5k + 0.2% of contributed capital
Invest Account
Select invest account