Asymmetric fund

Asymmetric fund is a venture capital fund where different investors have different terms. Typically the asymmetry is seen in cases where there's a investor that has other interests in addition to straight profit generation through the investment, such as tax income in case of public investors.^[1][2]

Asymmetric model has its roots in Israel.^[3] Asymmetry was used to initiate the venture capital business there. Part of the success of Israeli venture backed technology business is attributed this asymmetric model. More recently asymmetric model has been raising phenomena especially in some European countries. There are asymmetric funds operating at least in Finland, Great Britain, the Netherlands and Poland.^[4]

See also

• Venture capital financing
• List of venture capital firms
• Private equity
• Seed funding

References

Private equity and venture capital
Basic investment types	Buyout Venture Mezzanine Growth Secondaries Equity co-investment
History	History of private equity and venture capital Early history of private equity Private equity in the 1980s Private equity in the 1990s Private equity in the 2000s
Terms and concepts	Buyout Financial sponsor Management buyout Divisional buyout Buy–sell agreement Leveraged recapitalization Dividend recapitalization Venture Angel investor Business incubator Post-money valuation Pre-money valuation Seed money Startup company Venture capital financing Venture debt Venture round Structure Private equity firms and funds Limited partnership Limited liability company Carried interest Management fee Publicly traded private equity Business Development Company Venture capital trust Private investment in public equity (PIPE) Pledge fund
Investors	Corporations Institutional investors Pension funds Insurance companies Fund of funds Endowments Foundations Investment banks Merchant banks Commercial banks High-net-worth individuals Family offices Sovereign wealth funds Crowdfunding
Related financial terms	AUM Cap table Capital call Capital commitment Capital structure Distribution waterfall EBITDA Envy ratio High-yield debt IPO IRR Leverage Liquidation preference M&A PME Taxation of private equity and hedge funds Undercapitalization Vintage year
Private equity and venture capital investors Private equity firms Venture capital firms Angel investors Portfolio companies