Private Market Explained

A mutual fund is an SEC-registered investment company that pools assets from multiple investors, known as shareholders, where professional money managers deploy the collected capital across a spectrum of investments with an eye toward generating future investment returns (which, of course, are not guaranteed). While mutual funds predominantly invest in traditional securities like public equities and fixed-income instruments, they may also invest up to 15% of their money in illiquid assets, which may include private companies .