More terms
Private Fund
A pooled vehicle relying on Section 3(c)(1) or 3(c)(7) to remain outside the Investment Company Act's registered-investment-company definition.
What traders should verify
For Private Fund, inspect the legal structure, adviser and Form ADV, investor eligibility, strategy, holdings, fees, leverage, liquidity, conflicts, and reporting date.
Do not conflate
The label Private Fund does not by itself establish registration status, current holdings, liquidity, risk, performance, or investor eligibility.
Primary source
SEC definitionSource boundary: this glossary reflects SEC staff views and is not a Commission rule, regulation, or statement. Check the linked source for current wording and legal context.