What is closed-end fund?
A fund with a defined investment period and finite life (often 7–10 years) that usually does not allow routine redemptions; capital is returned as assets are sold or refinanced. Common for value-add and opportunistic strategies.
Where you will use it: this term comes up in the Real Estate Finance course, and the full course glossary collects every term in one place.
Related terms
From the free Real Estate Finance course by Devon Coombs, CPA, MBA.