Investment Period: Open-end funds are set up as legal entities that are constantly raising new capital from investors and continuously deploying that capital into new investment. Open-end funds generally do not have a set fundraise time horizon. Capital Call:...
Investment Period: Closed-end funds are set up as a vehicle that has a defined capital raising period, a defined investing period, and a defined harvesting period. During the capital raising period the fund manager is seeking capital commitments from investors, which...
Key Takeaways Nearly immediately after the JOBS Act passage in 2013, crowdfunding sites began to appear to take advantage of the new rules allowing investment managers and private funds to publicly advertise their investment offerings. However, quality has been all...
