Blind Pool

A blind pool is a type of investment fund where the specific investments to be made by the fund are not known at the start of the fund, hence the term. Private equity funds are considered blind pools because even though the general strategy is known (e.g. lower middle market buyouts in the technology sector in the US) at the time the fund is raised, the particular investments the fund will make remains unknown at that time. Managers of blid pools have discretion to make the future investments, so long as those are within the stated investment parameters.

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