If you’ve raised capital before, you’re probably familiar with the classic debate: Syndication or Fund?
Syndications offer full transparency but come with operational headaches. Blind pool funds bring scalability, but limit investor control.
Neither model is perfect, which is exactly why more fund managers are turning to a third option: Customizable Fund™.
At their core, Customizable Fund™ is a hybrid. They combine the deal-by-deal flexibility of syndications with the long-term structure of a fund. And in 2025, that flexibility isn’t just a nice-to-have, it’s become a competitive edge.
Let’s break down how this model compares, and why it might be a better fit for the way you’re raising capital today.
Syndications: Deal-Specific and Transparent, But Rigid
Syndications are straightforward. You raise money for one deal at a time. Investors know exactly what they’re getting into, and the paperwork is tailored to that asset.
That transparency is a major plus. But the model can be limiting, especially when you’re trying to scale.
Each new deal means:
- A new legal entity
- A fresh round of documents
- New investor onboarding
- And a ticking clock to close
This setup works well for one-off projects, but over time, the operational burden adds up.
Blind Pool Funds: Scalable, But Often Opaque
A blind pool flips the timeline. You raise the money first, often based on your track record and then deploy capital across multiple deals.
This structure offers built-in diversification and more efficient capital deployment. But there’s a tradeoff: investors don’t get much visibility or control over where their money is going.
For some investors, especially those new to alternative assets, that lack of transparency can be a deal-breaker.
In short: Investors are betting on you, not the deal.
Customizable Fund™: Flexibility Without the Headache
This is where Customizable Fund™ comes in. Instead of choosing between transparency and scalability, you can offer both.
Here’s how it works:
- You launch one fund under a flexible structure
- You raise capital on a rolling basis
- Investors opt into individual deals inside that fund
So instead of raising each deal separately or asking investors to blindly commit, you’re giving them a choice within a professional fund framework.
They can see what they’re investing in, select the opportunities that align with their goals, and build a custom portfolio with just one onboarding process.
In short:
It’s like giving your investors a buffet—with all the structure of a fund and none of the rigidity of a one-deal raise.
This is why 300+ fund managers have made the switch to Avestor.
What This Looks Like in Practice
Let’s say you’re a real estate fund manager doing both equity and debt deals.
In a Customizable Fund™:
For you, that means:
Want a structure that’s cleaner, faster, and built to scale?
Let’s walk you through how it works: Book your free strategy call here.
More Options, Not More Complexity
A common concern we hear: “Won’t giving investors too many choices create confusion?”
Surprisingly, the opposite tends to be true. Because investors are already doing due diligence on every opportunity, this structure meets them where they are.
And with the right platform, it’s easy to present each deal clearly along with key metrics, projected returns, and deadlines, so investors can make informed decisions without the back-and-forth.
You still drive the strategy. They simply have more clarity and control along the way.
The Bottom Line
Customizable Fund™ are gaining traction because they reflect the way modern fund managers want to operate.
They provide:
- Greater efficiency than syndications
- More flexibility than blind pools
- A better overall experience for investors
Whether you’re launching your first fund or looking to simplify your current structure, this model offers a way to scale smarter, without sacrificing transparency or control.
Want to See It in Action?
At Avestor, we built our platform around this exact model. You can run syndications, Customizable Fund™, or both on one integrated system.
From investor onboarding to deal disclosures and ACH transfers, we help you manage every piece while keeping the investor experience clean and professional.
Curious how it could work for your business?
Book a free strategy call here.
