Close Finance Equine
Closed-end fund financing within the equine industry presents unique challenges and opportunities. Unlike traditional investments that are constantly buying and selling shares, closed-end funds issue a fixed number of shares during their initial public offering (IPO). These shares then trade on the secondary market, potentially at a premium or discount to the fund’s net asset value (NAV). In the equine world, this structure can be particularly appealing for financing specific projects or assets with a defined lifecycle.