invitation-only funds
nounUK /ˌɪnvɪˈteɪʃən ˈəʊnli fʌndz/
US /ˌɪnvɪˈteɪʃən ˈoʊnli fʌndz/
These are money pools that only certain people are allowed to join.
The new investment club uses invitation-only funds, so you need a special invite to take part.
OTHER MEANINGS
2. Investment vehicles open only to selected, often wealthy or professional, investors.
The bank offers invitation-only funds to its top clients.
3. Money set aside for a private group that outsiders cannot access.
The charity's invitation-only funds are managed by a small board.
4. A restricted pool of capital used for special projects within an organization.
The lab's invitation-only funds support research chosen by its directors.