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Private-Market Tax and Special Vehicles

Private-market terms for investment schemes, venture capital trusts, small-business investment companies, and tax-shaped vehicles.

Private-Market Tax and Special Vehicles terms explain investments in non-public companies, private funds, early-stage financing, sponsor-led deals, capital commitments, exits, and private-market access rules.

Use this branch when investor eligibility, capital calls, lockups, valuation method, sponsor economics, exit path, or private-transaction structure changes the investment decision.

Key Terms in This Branch

TermUse it for
Close Investment Holding CompanyPrivate equity, venture, angel, crowdfunding, eligibility, capital-commitment, mezzanine, tax-vehicle, or exit terms.
Enterprise Investment SchemePrivate equity, venture, angel, crowdfunding, eligibility, capital-commitment, mezzanine, tax-vehicle, or exit terms.
Small Business Investment Company (SBIC)Private equity, venture, angel, crowdfunding, eligibility, capital-commitment, mezzanine, tax-vehicle, or exit terms.
Venture Capital TrustPrivate equity, venture, angel, crowdfunding, eligibility, capital-commitment, mezzanine, tax-vehicle, or exit terms.

What to Check

Check the offering documents, investor eligibility, capital commitment, lockup, liquidity limits, fees, carried interest, valuation method, tax treatment, governance rights, and expected exit path.

Common Mistakes

  • Treating private-market returns as directly comparable to daily priced public securities.
  • Ignoring capital-call obligations, lockups, valuation lag, and limited liquidity.
  • Reading IRR or multiples without checking cash-flow timing and fees.
  • Assuming eligibility or access means the investment is suitable.

Private investments can be illiquid, restricted, and complex; this page is educational and is not investment, legal, or tax advice.

In this section

Choose a subsection first. Deeper term pages live inside each subsection, which keeps large topic hubs readable.

Close Investment Holding Company

Close Investment Holding Company is a private-market finance concept used to evaluate non-public companies, funds, transactions, or investor liquidity.

Enterprise Investment Scheme

Enterprise Investment Scheme is a private-market finance concept used to evaluate non-public companies, funds, transactions, or investor liquidity.

Venture Capital Trust

A venture capital trust is a UK-listed investment vehicle that invests in qualifying smaller companies under tax-advantaged rules.

Revised on Sunday, June 21, 2026