Series 7: Private Equity (PE) Fund

Taken from our Series 7 - General Securities Representative Exam

Definition of the term Private Equity (PE) Fund...

an investment fund that pools the capital of wealthy investors to purchase either private companies, or public companies that go private as a result of being acquired by the fund. It is typically a financial buyer rather than a strategic one. It may conduct LBOs or act as a venture capitalist.

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