blind pool investment & finance definition
type of limited partnership that doesn’t specifically state what kind of
investments the general partner will make. Those in this limited partnership
are blind to the intended investments.
See blind pool in Wall Street Words
An investment vehicle that raises capital from the public without telling investors how their funds will be utilized. These pools are sometimes used to acquire and convert private companies into public companies without going through a lengthy registration process. Blind pools are risky investments in which investors should pay particular attention to the background and knowledge of the promoters and officers. Shares in these investment vehicles are often sold to the public at relatively low prices.
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