The level of authority granted to an adviser or investment manager over the investment and management of client capital; With reference to a discretionary account:  typically ...

A fee charged by an investment manager or operating partner to sell an investment.  The fee compensates for the costs of marketing, negotiating and closing the sale. &nbs ...

An asset, generally a security or real property that features a sharply reduced value as a result of actual or potential losses created by an excess of credit risk, market risk, or ...

See "waterfall"  

The risk inherent to a particular investment or portfolio of investments that can be mitigated or reduced through diversification; also known as “idiosyncratic risk,” & ...

The foreign corporation’s effectively connected earnings and profits for the taxable year adjusted for changes in US net equity.

A measure of investment performance calculated by finding the rate of return that will set the present values of all cash flows equal to the value of the initial investment; also k ...

An organizational structure that makes it possible for REITs to buy properties using partnership units; the effect is the same as an umbrella partnership real estate investment tru ...

The right that enables a majority shareholder to force a minority shareholder to join in the sale of a company or investment; the majority owner doing the dragging must give the mi ...

The actual act of transferring capital in the fund’s portfolio companies; the drawdown may be in the form of a notice issued by a fund (or its general partner) instructing in ...