Centimillionaire Strategies Sep 22, 2026 29m · 20m saved
With Bharat Sangani, Founder and CEO of Encore Enterprises
Encore Enterprises has raised about $1 billion over Bharat Sangani's career, most of it through bonds listed in Tel Aviv. Thirty years ago, he said, even raising $200,000 was a struggle.
For three decades no Encore investor lost money, he said. Last year the firm's real estate division began seeing losses of capital for the first time, and he told the room that Encore will cover the investors who stand to lose.
"So nobody is a permanent friend here."
Bharat Sangani, a practicing cardiologist and the founder and CEO of Dallas-based Encore Enterprises, spoke at a Family Office Club session published on Centimillionaire Strategies. He said the firm has done 550 transactions and has 850 active investors.
The full episode is covered here so you can skip it. 29 minutes of audio, 9 minutes of reading.
Here are the 9 lessons that matter.
Key Takeaways
Raising capital is a minimum 10-year journey, not a one-time event, in Sangani's view
Investors judge you by the last check they received, whoever they are
Encore is seeing its first real estate losses in 30 years, and plans to make the affected investors whole
Walk away from any deal you are not fully convinced of, because another one is always coming
Tell investors the weaknesses first, and never call a deal great
Cheap investor lists do not work; a reputable one costs significant money
Keep the day job until 5 years of living costs are in the bank
1. A Cardiologist Raises Money
The host introduced Sangani as someone who has done billions of dollars of deals, and told the audience to give his points extra weight for that reason. Sangani said he and the host go back more than a decade.
A doctor first
"I just want everybody to know that I'm just a regular doctor, a cardiologist." — Bharat Sangani
Investing, real estate and operating businesses started as a hobby, he said. He warned that what he was about to say was open to interpretation and argument, and that some of it might be too basic for parts of the audience.
$1 billion raised, most of it in Tel Aviv
Encore has raised about $1 billion so far, he said, a large majority of it through the Tel Aviv Stock Exchange, where it has real estate and operating companies with publicly traded bonds. The firm has raised money at every level: friends and family, then family offices, high-net-worth individuals, the EB-5 visa-for-investment program, institutions, and banks up to Goldman Sachs, Bank of America and Wells Fargo.
He said the firm has been in business for more than 30 years, has done 550 transactions and has 850 active investors. He told the host the transaction figure had "now gone up to 6 billion" since they last spoke; he did not say 6 billion of what.
