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 ?
So what happened then is blind pool, blind fund which historically were a preferred route for a lot of investors became a question mark saying that is this the right thing for us to do," Sharma added.
Blind pool IPOs have been considered a number of times in the German real estate sector in recent years.
Critique: In a deftly crafted and riveting novel that is based on an all too believable ((in these times) premise, "The Blind Pool" showcases author Paul McHugh's genuine flair for narrative driven storytelling of the first order.
(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."
Apollo started working on the blind pool about a year ago, and has hired Perella Weinberg Partners LP as the placement agent, said one person with knowledge of the matter.
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