FAQ

Frequently Asked Questions

🏛️ General Information & Structure

What is the purpose of HOPE Ventures?

HOPE Ventures provides Special Purpose Vehicles (SPVs) formed solely to offer a fee-free and low entry point investment option for individuals associated with University Medical Partners (UMP).

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How is the SPV managed and who is the manager?

The SPV manager is the UMP entity HOPE, which serves as the corporate investing arm of University Medical Partners. For all inquiries regarding the management of the SPV, please contact Jordan Ballam.

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Is HOPE Ventures providing investment advice?

No. HOPE and HOPE Ventures do not endorse any specific investments. We are not investment, tax, or financial advisors. HOPE Ventures acts strictly as the investment vehicle. Investors should only invest after fully assessing the risks with their own investment advisor. It is the sole responsibility of the individual investor to conduct their own due diligence,  investigate the funds, managers, and underlying assets associated with any SPV.

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Am I required to be an accredited investor?

Yes, to participate in our investment opportunities, you must qualify as an Accredited Investor as defined by the U.S. Securities and Exchange Commission (SEC) under Rule 501 of Regulation D.

To qualify, an individual must meet one of the following financial criteria:

• Have an individual or joint net worth that exceeds $1,000,000.​

• Have had an annual income exceeding $200,000 (or $300,000 joint) in each of the prior two years, and have a reasonable expectation of reaching the same income level in the current year.

Refer directly to the sec website for more information.

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Can a family trust invest in the SVU?

Yes. A trust may invest in the SPV so long as that trust qualifies as an Accredited Investor.  For a trust to qualify as an accredited investor:

• A revocable grantor trust exist which requires that the underlying grantor of such trust is an Accredited Investor.

• If the trust is irrevocable, it must have $5M in assets, have not been formed solely to make the investment in the SPV, and be overseen by a sophisticated individual capable of properly evaluating the risk of the investment. 

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📈 Investment Specifics (Active SPVs)

​What is the focus of HOPE Ventures II?

HOPE Ventures II was built for the express and sole purpose of investing in MMV (MedMountain Ventures). An investment in MMV is an investment in multiple companies rather than a single company investment. Detailed information regarding this investment can be found at mmv.vc. The minimum investment is $10,000.

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What additional fees do I pay on top of my investment?

There are no additional entry fees. This is the true value of participating in this SPV. You can enter at an amount that is much lower than the typically required investment commitment with no additional fees.

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How are you offering this with no fees?

HOPE, as the SPV Manager, is covering the entry fees on your behalf. This includes HOPE’s legal costs associated with forming the SPV and ongoing routine accounting and administrative fees for the operation of the SPV.

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📑 Reporting & Taxes

What documents will I receive as an investor?

The SPV is required to produce unaudited financial statements. These will be the only formal financial documents provided by a HOPE Venture SPV that contains financial information on the performance of the fund. The SPV will forward to each investor information that it receives from the ventures. Information regarding any SPV investment must be kept confidential and not disclosed to third parties pursuant to the confidentiality and non-disclosure requirements of the investment funds.

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Will I receive a tax document?

Yes. Every investor in the SPV can expect to receive a K-1 for their tax filings.