Fund of funds
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Fund of funds, what is it
A fund of funds is a fund manager that invests in other funds as a LP. It can be a pooled investment fund that invests in other types of funds such as mutual funds or hedge funds. A Fund of funds strategy aims to increase portfolio diversification.
On our Impact Database, fund of funds represents 3.9% of the funds tracked in our database, accounting for 2.9% of current fundraising.