Pledge fund
 | This article relies largely or entirely on a single source. (July 2014) |
A pledge fund, in finance, is a private equity investment platform where unlike a traditional committed private equity fund, investors provide capital on a deal-by-deal basis.
In a pledge fund, the investors provide a loose commitment of capital to an investment team, the manager of the fund, to make investments within certain preset parameters. Thereafter, the investors must approve each transaction and will decide whether to pursue each transaction independently.[1]
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