Lamina Rolling Fund Investment Manager

A rolling fund is a venture capital vehicle — first made widely available through AngelList in 2020 — that accepts new capital commitments on a quarterly subscription basis, rather than closing after a single fundraising period. The general partner deploys each quarter's commitments into new and follow-on investments, and limited partners can adjust or cancel subscriptions quarterly. This contrasts with traditional closed-end VC funds, which call capital once and deploy over a 3–5 year investment period with no new investors joining after the final close.

As the general partner, Lamina Rolling Fund Investment Manager charges management fees based on committed or deployed capital — typical rolling fund terms mirror venture capital norms, often 2% per annum on committed capital. The firm also earns carried interest, typically 20% of profits above a preferred return hurdle, paid upon successful portfolio company exits. The exact fee and carry structure for Lamina's specific funds has not been publicly disclosed.

Venture capital fund interests are highly illiquid, and Lamina's rolling fund is unlikely to offer redemption rights. Limited partners commit capital quarterly but cannot typically withdraw invested capital until portfolio companies are sold or go public. AngelList's standard rolling fund terms give LPs the right to stop future quarterly subscriptions but do not guarantee liquidity on previously committed and deployed amounts.

Many venture fund managers relying on Regulation D exemptions file Form D with the SEC, which can include limited information about the fund's offering size and first sale date. As of the latest available public records, it is unclear whether Lamina Rolling Fund Investment Manager has made any public SEC filings, as the entity may operate solely through AngelList's platform-provided fund infrastructure, which is registered as an exempt reporting adviser.

Lamina has not publicly disclosed the names of its founder, managing partners, or investment committee members through its own website, LinkedIn presence, or public filings. The firm's principals remain unknown absent the firm choosing to make that information public in the future.