Self Funded Searcher -- financial ability question

Hi ^Searchfunder member‌! Most of my clients have initial conversations and receive indications of interest for funding prior to being under LOI and then raise capital while under LOI for a few reasons (i) your PPM will legally need to include deal specific information (or at least industry specific information), (ii) most investors want to know what they're investing in and (iii) you can have a letter of interest signed by the potential investors to show credibility to brokers and lenders and provide you with more comfort. Clients who are positioned for raising capital first are usually established funds with an investment prospectus outlining the types of deals, markets, timelines, etc. that the investors approve the fund to invest in on their behalf. Investors feel comfortable given the established parameters of the investment and the fund's track record. I would be happy to have a call to discuss this further.