
The First Revolutionary
NIL Fund (FRNIL)

Pioneering Investment
The first legal, compliant NIL investment fund structured as a Delaware LLC.

Fiduciary Oversight
Managed by Friends Wealth Management, a Maryland-licensed fiduciary RIA.

Innovative Structure
Fully evergreen with rolling capital commitments and NCAA alignment.
The First Revolutionary
NIL Fund (FRNIL)

Pioneering Investment
The first legal, compliant NIL investment fund structured as a Delaware LLC.

Fiduciary Oversight
Managed by Friends Wealth Management, a Maryland-licensed fiduciary RIA.

Innovative Structure
Fully evergreen with rolling capital commitments and NCAA alignment.

Friends Wealth Management Presents: FRNIL
The First Structured NIL Investment Fund

Reg D 506(c) Compliant
Meeting all regulatory requirements

Reg D 506(c) Compliant
Meeting all regulatory requirements

Fiduciary-Managed by a Registered Investment Advisor
Professional oversight and management

Fiduciary-Managed by a Registered Investment Advisor
Professional oversight and management

Designed to Empower Athletes & Investors
Creating mutual benefit for all parties

Designed to Empower Athletes & Investors
Creating mutual benefit for all parties
The NIL Revolution Is Televised
Built for Athletes.
Managed by Fiduciaries.
Open to Accredited Investors.

Athletes
Access to structured NIL capital

Fiduciaries
Professional management

Investors
Unique investment opportunity
The NIL Revolution Is Televised
Built for Athletes.
Managed by Fiduciaries.
Open to Accredited Investors.

Athletes
Access to structured NIL capital

Fiduciaries
Professional management

Investors
Unique investment opportunity


The NIL Gold Rush And Why
You’ve Been Locked Out

Now Is The Future Of Investing
$84T Wealth Transfer
From the BabyBoomers to their heirs & charities Between 2025-2045
If your message sounds like their parents’ advisor, you’ve already lost them.
Built Like a Championship Portfolio

Run Like a Fund – Built for the Field

Our Proprietary AIP Score™
Due Diligence System
Athlete Investment Profile™
(AIP Score™)
Comprehensive athlete evaluation
NIL ROI Scoring Model
Quantitative return assessment
NCAA/SEC/FINRA Legal Compliance
Regulatory adherence framework
Our Proprietary AIP Score™
Due Diligence System
Athlete Investment Profile™
(AIP Score™)
Comprehensive athlete evaluation
NIL ROI Scoring Model
Quantitative return assessment
NCAA/SEC/FINRA Legal Compliance
Regulatory adherence framework

No Debt – Just Opportunity


Siloed Risk – Targeted Return
Elite Team Investment Structure
Dedicated to NIL deals for Women Athletes & Olympic Sports
Focused on high-profile agreements
Elite Siloed Investment Structure
Dedicated to NIL deals for individual investment
Investor Advantage
- Ability to participate in both structures
- Balanced risk and return profile
- Not Just a Handout – this is an Investment&
– the 1st of its kind.
Siloed Risk – Targeted Return
Elite Team Investment Structure
Dedicated to NIL deals for Women Athletes & Olympic Sports
Focused on high-profile agreements
Elite Siloed Investment Structure
Dedicated to NIL deals for individual investment
Investor Advantage
Ability to participate in both structures
Balanced risk and return profile
Not Just a Handout – this is an Investment&
– the 1st of its kind.
Aggregated NIL Deals.
Diversified Exposure.

Streamlined Tax & Legal
Simplified structure for efficient management

Scalable Across Athletes, Genders, Sports
Diverse representation across collegiate athletics

Efficient Cost Structure
Maximizing returns through operational efficiency
Aggregated NIL Deals.
Diversified Exposure.

Streamlined Tax & Legal
Simplified structure for efficient management

Scalable Across Athletes, Genders, Sports
Diverse representation across collegiate athletics

Efficient Cost Structure
Maximizing returns through operational efficiency


What If It Doesn’t Work Out?
Agreement remains in place for 5 years post-graduation. If the athlete does not secure lucrative NIL deals, a professional contract, get’s injured, or doesn’t live up to expectations, we tear up the Agreement. Meaning the athlete owes nothing to the fund and/or its shareholders.
This is not a loan.
No interest.
No clawbacks.
No debt.

Graduation
Maximizing returns through operational efficiency

Career Development
Continue building your brand with FRNIL support

Performance Review
Regular assessment of NIL success and strategy

5-Year Mark
If NIL hasn’t been profitable, you can exit with no obligations
What If It Doesn’t Work Out?
Agreement remains in place for 5 years post-graduation. If the athlete does not secure lucrative NIL deals, a professional contract, get’s injured, or doesn’t live up to expectations, we tear up the Agreement. Meaning the athlete owes nothing to the fund and/or its shareholders.
This is not a loan.
No interest.
No clawbacks.
No debt.

Graduation
Maximizing returns through operational efficiency

Career Development
Continue building your brand with FRNIL support

Performance Review
Regular assessment of NIL success and strategy

5-Year Mark
If NIL hasn’t been profitable, you can exit with no obligations
Investor Liquidity with Strategic Guardrails

3-Year Lockup per Tranche
Initial commitment period for capital stability
Every new dollar invested begins a new clock

Quarterly Redemptions
5% Gate to manage fund liquidity

Manager Discretion
Protects long-term returns for all investors
Investor Liquidity with Strategic Guardrails

3-Year Lockup per Tranche
Initial commitment period for capital stability
Every new dollar invested begins a new clock

Quarterly Redemptions
5% Gate to manage fund liquidity

Manager Discretion
Protects long-term returns for all investors


Private Equity Meets Athletic Performance

Uncorrelated Asset Class
NIL investments provide portfolio diversification independent from traditional market movements.

Impact + ROI
Opportunity to support athlete development while generating financial returns

First Mover Advantage
Early access to an emerging investment category with significant growth potential
Private Equity Meets Athletic Performance

Uncorrelated Asset Class
NIL investments provide portfolio diversification independent from traditional market movements.

Impact + ROI
Opportunity to support athlete development while generating financial returns

First Mover Advantage
Early access to an emerging investment category with significant growth potential
Performance. Brand. Ownership.

Structured NIL Capital
Immediate financial resources without long-term obligations

Career Branding Guidance
Professional support for personal brand development

Retain Future Income Rights
Athletes maintain control of their long-term earning potential

From the Locker Room to the Board Room ™
Simple. Compliant. Scalable.
Join team FRNIL:

Complete Subscription Docs
Start the investment process with proper documentation

Accreditation Verified
Confirmation of investor qualification

Wire Funds to Custodian
Secure transfer of investment capital

Join the Team
Become part of the FRNIL investment community
Simple. Compliant. Scalable.
Join team FRNIL:

Complete Subscription Docs
Start the investment process with proper documentation

Accreditation Verified
Confirmation of investor qualification

Wire Funds to Custodian
Secure transfer of investment capital

Join the Team
Become part of the FRNIL investment community

Contact us:

Important Compliance Disclosures:
This presentation does not constitute an offer to sell or solicitation of an offer to buy any securities. Offers and sales of interests in the FRNIL Fund are made exclusively to accredited investors pursuant to Rule 506(c) of Regulation D promulgated under the Securities Act of 1933. Investing involves significant risks, including the potential for the loss of the entire investment.
Past performance does not guarantee future results.
The FRNIL Fund LLC is custodied at Inspira and co-managed by Friends Wealth Management & 3rd party investment managers. The fund may be subject to audits within the year. Investors are advised to carefully review all subscription agreements, operating agreements, and disclosure documents before investing. Prospective investors should consult their financial, legal, and tax advisors prior to making any investment decision.
Interested in learning more about the FRNIL Fund?
Please provide your name, email address, phone number (optional), and details of your interest so that we can assist you and reach out to schedule a meeting.