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What is syndication?

A structure in which one sponsor raises capital from multiple passive investors under standardized terms; the sponsor controls the investment and LPs receive the rights described in the PPM and operating agreement.

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.