Private Equity 101
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Private Capital, Private Equity & Private Debt
Fund accounting, Fund administration, Fund raise
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Successor Fund means, with respect to the New Capital Investor, any private equity fund formed for the principal purpose of making equity investments, where such fund is managed by the same principal parties having management responsibility for the New Capital Investor.
Broken deal expenses

Research costs, travel costs and professional fees, and other expenses incurred in deal sourcing activities related to specific investments that never materialize.

Broken deal expenses allocation issues arise when it comes to a deal a manager intended to strike with a co-investor.
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Interval Fund

An interval fund is a type of closed-end fund that is not listed on an exchange that periodically offers to repurchase a limited percentage of outstanding shares, as defined in its prospectus, from its shareholders. Interval funds can provide investors access to less liquid investment strategies than open-end funds in an attempt to enhance risk-adjusted returns and can be used as an alternative source of return and/or income.