A syndicate that raises capital before identifying any or all of the properties it will eventually own is known as a __________.

Question

Quizplus · Accepted Answer

A syndicate that raises money from investors without specifying the properties or assets it will eventually acquire is called a blind pool syndicate. This type of syndicate is also sometimes known as a blind pool fund or a blank check syndicate. The term refers to the fact that investors are essentially giving the syndicate managers a blank check to invest in whatever properties they see fit, without any guarantees or assurances about what those properties might be. This type of investment is considered relatively risky because investors have no way of knowing what they are investing in ahead of time.

A Syndicate That Raises Capital Before Identifying Any or All