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blind pool

   Also found in: Financial 0.01 sec.
blind pool
n.
A start-up company that sells stock in a public offering without specifying how the investors' money will be spent.


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It's always been difficult to raise a blind pool fund for land, but now, because homebuilders, primarily public homebuilders, have so much inventory, they've got to get rid of it, and they're marking it down significantly," Berquist said.
An unclear or unstated investment purpose, such as a blind pool for investing in the stock market at the planner's discretion 5.
They are creating blind pools to roll up existing operators or facilities and to fund new acquisitions.
 
 
 
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