Investment
A discrete asset or group of assets held for future income, appreciation, or both and tracked separately.
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A discrete asset or group of assets held for future income, appreciation, or both and tracked separately.
Source: Global | Date: 20 March 2020 | ID: D0359 | Version: 3
The amount that an investor must pay (relative to NAV) if it wishes to subscribe to a vehicle.
A transaction whereby an existing investor transfers units or shares in a Vehicle directly to another investor (either a new investor, or one already invested in the Vehicle), based on pricing and terms agreed between the two parties, without the occurrence of new share/unit issue or redemption by the Vehicle itself.