2nd Private Equity Fund Listed at IFB

Iran Fara Bourse, the junior equity market, hosted a subscription for units of a private equity fund on Monday -- the second of its kind. 
The fund is dubbed as Turquoise Servat Afarin Private Equity Fund and its ticker symbol is displayed on the IFB bulletin board as ‘Servat’.  It is operated by Turquoise Partners, a leading financial service company in Tehran, the IFB news portal reported. 
A PE fund is a pooled investment scheme used for investments in equities. Institutional and retail investors provide the capital for the private equity, and capital can be utilized to fund new technology, expand working capital and bolster balance sheets of the companies.