The Role
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.
Summary Generated by Built In
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
Skills Required
- 10+ years raising institutional capital for private credit, real estate credit, or specialty finance strategies
- Personal, attributable track record of institutional capital raised (can name LPs, checks, funds)
- Live, current relationships with allocators relevant to $250M-$1B evergreen private credit vehicles (seeders, insurance, consultants, OCIOs, FoFs, family offices)
- Fluency in fund structures and terms (evergreen, hedge-style, revenue-share seed economics, gates, lock-ups, REIT sleeves, interval fund conversion)
- Entrepreneurial disposition and willingness to build materials and processes, not just leverage an existing rolodex
- 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 clean path to operate within issuer exemption and unblemished regulatory record
Am I A Good Fit?
Get Personalized Job Insights.
Our AI-powered fit analysis compares your resume with a job listing so you know if your skills & experience align.
Success! Refresh the page to see how your skills align with this role.
The Company
What We Do
New Silver is a fintech company with a mission to improve local communities by providing fast, convenient, and flexible capital to real estate investors. We use data and technology to underwrite and originate investment property loans with more efficiency and predictability. Our pricing engine provides instant online loan approval and a term sheet so that our many happy clients are ready to make an offer in as little as 5 minutes
