Third party costs (e.g. legal and accountancy fees) incurred in connection with the evaluation and negotiation of any investment opportunity or the disposal of any investment which does not ultimately lead to the acquisition or disposal of that investment.
A board of members representing limited partners’ interests which oversees the activities of the manager. NB. This is distinct from an “investment advisory board” which may feature in some limited partnerships and which is directly involved in the investment decision making process.
A wealthy individual who invests in entrepreneurial firms. Although angels perform many of the same functions as venture capitalists, they invest their own capital rather than that of institutional and other individual investors.