Financial Independence and Early Retirement (FIRE) Community Gains Access to Private High Yield

June 20, 2019 | Digital Assets
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Blockchain Credit Partners (BCP) launch the first fund for the F.I.R.E. community

Those yearning for financial independence and early retirement will find BCP’s new fund launch interesting. The BCP Fund focuses on providing consistent high yield cash flow secured by US assets.

An interesting facet of the fund is that the first 10% of returns goes to the investor. Unlike other funds that managers make a return regardless, the BCP fund managers do not share in returns until investors receive a 10% return.

This is somewhat like the new “first-loss” hedge funds where the fund manager has her own assets pooled in the fund, and will bear the losses up to a point.

Secured high yield accessible to all

Financial independence at an early age is only possible if the investor earns  consistent high yield passive income over a prolonged period of time – something which is possible through private credit lending.

“The problem has been these private credit funds have previously been reserved almost exclusively for ultra-high net worth private banking clients or hedge fund investors with $1 Million or more minimums and 7 year lock up periods,” says BCP Managing Partner Gregory Keough. “BCP is pioneering the re-imagination of the fund industry and looks to change this by launching a fund that provides secured high yield but is accessible to all.”

Blockchain trading coming

The Fund will use the blockchain for the issuance and management of the fund. It has picked the Securitize platform for this purpose. Investors will therefore have the ability to earn high yield returns as well as hold a tokenized asset that is tradable.

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