private equity fund

noun

plural private equity funds

1

: an investment group that pools the money of investors to invest in or acquire private companies

Monarch Sports Collective, a private equity fund dedicated to investing in women's sports properties, is also an investor.

—Randall Williams

called also private equity firm

2

: a pool of money raised by an investment group for investing in or acquiring private companies

Bain Capital … said Monday it completed fundraising for its latest flagship private equity fund. The fund includes approximately $11.8 billion of external commitments …

—Lucia Maffei

Word History

First Known Use

1985, in the meaning defined at sense 2