Die Sprache der Finanzwelt ist oft unverständlich. Wir möchten, dass Sie uns verstehen. Wichtige Begriffe rund um Kapitalanlagen im Allgemeinen und geschlossene Fonds im Speziellen erläutern wir in unserem Glossar.
A closed-end fund is a form of capital investment that, under the condition of an investment asset defined by the fund, usually has a defined investment volume and a defined term. At the core of the business model is typically a project- and property-related, fixed-term investment, primarily in tangible assets (e.g. property, aircraft, ships, renewable energy projects, etc). The number of investors is thus limited. As a rule, investments can only be made during a certain period of time (placement period). The fund is then closed - in contrast to for example shares or open funds. Closed-end funds are usually organised as GmbH & Co. KG (limited partnership with a limited liability company as general partner). The acquirer of a share in a closed-end fund becomes an entrepreneur (usually a limited partner) and assumes all the opportunities and risks. Shares in a closed-end fund can largely be sold or acquired on the secondary market once the placement period has expired. Depending on the asset invested in, these funds are closed-end aircraft funds, property funds, photovoltaic funds, wind funds, renewable energies funds, ship funds, private equity funds, timber funds etc. Closed-end funds can be offered as retail funds, funds for institutional investors or private placements.