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  • The Financial Encyclopedia
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  • February 14, 2023
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Public Fund

A private equity fund which seeks financing for the purpose of promoting economic development in a specific region or country. For example, a private equity fund may concentrate its efforts on serving the public benefit by helping structurally or economically underdeveloped regions attract start-up or high-tech companies in an attempt to create economic clusters that would positively impact local communities along the way. Such funds are usually managed by corporations under public law.


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