private equity fund

[ prahy-vit ek-wi-tee fuhnd ]
/ ˈpraɪ vɪt ˈɛk wɪ ti ˌfʌnd /

noun

an investment partnership that invests directly in private companies, with a profit objective based on the long-term potential.

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Origin of private equity fund

First recorded in 1990–95
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2020