blind pool


Also found in: Financial.

blind pool

n.
A startup company that sells stock in a public offering without specifying how the investors' money will be spent.
References in periodicals archive ?
These fundamentals underpin real estate investment trusts (REITs), which are a blind pool of wealth that jointly own and manage real property assets and redistribute rental receipts and sales proceeds.
Most recently, he served as the Vice President of Capital Raising for Innovo Property Group in New York where his role included raising discretionary blind pool capital for Innovo's GP Fund, as well as LP equity on a deal-by-deal basis.
NYSE: FLY) has closed a USD 385m blind pool aircraft acquisition facility, the company said.
The crowdfunding exemption is not available to certain types of issuers: blind pool and blank check offerings; investment companies; hedge funds, commodity pools, and similar investment vehicles; and businesses involving oil and gas exploration or production, mining or other extractive industries.
GPs remain optimistic towards continued long-term growth prospects in the MENA region; however, as the industry enters a new investment cycle and LPs increasingly consider direct or co-investment options as a viable alternative to blind pool investing, the focus on exits is critical," concludes Chris Carney, Assistant Director, Deloitte Corporate Finance Ltd in the MENA region.
Recently, we have been observing a new trend in the applications for Bahraini domiciled funds, in the sense that such applications are submitted with a pre-defined investment target and a very specific objective, unlike the previous norm which entailed subscribing to a blind pool that would search for available opportunities," said financial institutions supervision director Mohammed Ayman Al Tajer.
Mohammed Ayman Al Tajer, director, financial institutions supervision, CBB, said: "Recently, we have been observing a new trend in the applications for Bahraini domiciled funds, in the sense that such applications are submitted with a pre-defined investment target and a very specific objective, unlike the previous norm which entailed subscribing to a blind pool that would search for available opportunities.
Local LPs (limited private equity partnerships) are not interested in a blind pool of capital and the international investors are very risk averse when it comes to the region.
The New York-based firm is raising a blind pool of capital that will support a new bank being formed by a duo of former Countrywide Bank executives, said people familiar with the situation.
A recent phenomenon in the REIT sector that may not have staying power is, however, so-called blind pool REITs --those that don't own assets yet, but are instead trying to raise money based on the reputation of the managers and the offering plan.
An unclear or unstated investment purpose, such as a blind pool for investing in the stock market at the planner's discretion
That report warned against blank-check blind pools and noted that ZZZZ Best, in which banks and investors lost about $70 million in a massive stock fraud scheme, went public in 1986 through a merger with a Utah blank-check blind pool.