Which type of fund structure would investment managers be likely to use in order to raise a specific amount of capital over a specific period of time?

Question

Quizplus · Accepted Answer

Closed-end funds are designed to raise a specific amount of capital through an initial public offering (IPO). Once the capital is raised, no new shares are issued, and no existing shares are redeemed by the fund, fitting the criteria of raising a specific amount of capital over a specific period of time.

Which Type of Fund Structure Would Investment Managers Be Likely