Informal industry term used to describe an investment Vehicle or structure (often a fund) with generally a limited number of investors investing in a common strategy. Typically investors have more discretion and control than in a typical fund, and have veto rights over major decisions.
Global Definitions Database
The overarching term for any kind of investment structure, including funds, joint ventures, club deals and separate or single accounts.
The key documents, including their annexes, establishing a contractual framework of how the Vehicle will operate and the significant legal rights a...
A composite is an aggregation of one or more portfolios into a single group that represents a particular investment objective or strategy. See www....
Life Insurance Separate Account
Funds held by a life insurance company that is maintained separately from the insurer’s general assets. It is generally used for investing pe...
Customized real estate investment accounts funded by one qualified investor. The manager makes investments from the account to meet the strategic a...
A Vehicle with at least two parties with a common investment objective. Control over sig...
A multi-investor investment Vehicle which is legally structured as a trust.
A Vehicle where capital is pooled together and managed as a single entity with a common ...