A Vehicle with at least two parties with a common investment objective. Control over significant investment and risk management decisions is not transferred to an external manager, but is exercised by members in the venture per the Vehicle Documentation.
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...
Informal industry term used to describe an investment Vehicle or structure (often a fund) with generally a limited number of investors investing in...
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 ...