Business Pitch Dictionary by pitch.dog
Investor & fund types · Working

Fund of funds

Also called: FoF

ELI5

A fund that invests in other funds.

Used in conversation

“The fund of funds is evaluating emerging managers.”

Definition

A fund that invests primarily in other investment funds rather than directly in companies.

Here “Fund of funds” means: A fund that invests primarily in other investment funds rather than directly in companies.

Pitch context

You will see “Fund of funds” in fundraising decks, data rooms, term sheets and investor conversations when the discussion reaches investor & fund types.

Why it matters: In investor & fund types, a loose definition can change rights, obligations, approval, disclosure or enforceability.

Caution

Meaning, enforceability and required process vary by jurisdiction and agreement; this definition is not legal advice.

Sources & evidence · 6

Direct term-level sources and supporting source families.