Offering Memorandum

Offering Memorandum

A legal document stating the objectives, risks, and terms of investment involved with a private placement.

Notes:

The private placement of hedge funds necessitates the issue of memorandums. Conversely, the public issue of mutual funds are done through prospectuses.

See also: Hedge Fund, Mutual Fund, Private Placement, Prospectus

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Offering memorandum

A document that outlines the terms of securities to be offered in a private placement.