Experience with SuGo Capital (Sarah Sullivan / Theophile Goguely)? Good/Bad/Ugly?

[Joseph M.]

Does anyone have investment experience with SuGo in any sector? 

I recently tried an investment with them through their ForEx fund called Steady Eddy.

Proforma: 30% IRR, 70/30 Split, 3x return at 5 year exit.

I think this was their first stab at Forex trading and hence I lost over 60% of my investment within 3-6 months and then they closed down the fund. 

Seems like they also do real estate syndications. Sarah has a lot of useful information and seems very honest so I am just looking for any feedback or suggestions. 

https://sugocapital.com

https://sugocapital.com/

[Evan Polaski]

@Joseph M.

https://www.multihousingnews.com/ashland-greene-acquires-two...
https://www.kxan.com/business/press-releases/ein-presswire/6...

To tag onto Chris's remarks: I may have picked a few of their capital raiser deals to google, but if my 3-4 searches are correct, they are not the primary sponsor, and likely not the operator, in any meaningful way, on the deals they have listed on their website.

I am not implying that capital raisers are bad.  A good capital raiser will have a plethora of syndicators they work with and can help direct you to ones that best align with your goals.  Unfortunately, a lot of capital raisers also just hitch their wagon to the operator or two that pays the capital raiser the most, and the capital raiser just becomes a "commission based sales rep".

Chris provides a lot of good questions to ask them to better understand what their roles are, how they are vetting and overseeing projects, etc. 

The one question I would add to Chris's list: where is the current raise, and my investment, falling in the overall capital stack on this deal?  Unfortunately, I have seen some recent raises that are effectively hidden pref equity into failing deals.  Not to imply that is always the case, but something to be on the lookout for.