An investment management firm that typically partners with an investment advisor to help with the day-to-day management of the fund; often provide specialized expertise in a specif ...

A debt financing obligation issued to a company or an individual by a bank or similar financial institution that is ranked behind that held by secured lenders in terms of the order ...

The process of sharing the risk of credit losses disproportionately among two or more classes of securities.

The time period in which new investors can invest in a fund.  

A loan or line of credit made by a bank or other credit institution to a fund that is secured by (i) the unfunded commitments of the investors to make capital contributions to the ...

A public pension fund claiming an exemption from US federal income tax under US Code Section 115; not subject to unrelated business taxable income (UBTI) under US Code Section 511 ...

The federal Superfund program, administered by the US Environmental Protection Agency (EPA) is designed to investigate and cleanup sites contaminated with hazardous subst ...

A majority (such as two-thirds or three-fifths) that is greater than a simple majority.

The risk that an inbound supply problem will disrupt a business; includes issues with suppliers, shipments, and markets that disrupt production, operations, sales, and/or projects; ...

The risk inherent to the entire market that cannot be mitigated or reduced through diversification; also known as “market risk,” “non-diversifiable risk,” o ...