As defined in the vehicle documentation, it is the date on which the conditions for the operating agreement are met for the initial closing. Generally, these conditions relate to subscription commitments.
Global Definitions Database
Initial Closing
Source: Global | Date: 20 March 2020 | ID: D0477 | Version: 8
Synonyms:
First Closing
Related
Vehicle Formation Date
The date on which the Vehicle was legally established and became available for investors.
Final closing
As defined in the Vehicle Documentation, the date of the final closing occurs at the end of the equity raising period set by the investment ma...