Private Placement
A private placement is the sale of securities to certain qualified institutional buyers or accredited investors, generally exempt from some registration requirements. CMBS market glossaries describe private placements as often involving data-room access to additional information beyond what is publicly released.
- Where it applies
- Federal
- When it comes up
- Capital markets execution
- Property types
- Institutional CMBS and structured finance issuance
In practice
In structured products, thicker diligence access can support issuance of subordinated risk tranches.
Related terms
Rule 144Aoffering circularqualified institutional buyer (QIB) (concept)
Institutional and Capital Markets
- Agency Securities
- Commercial Mortgage-Backed Securities (CMBS)
- Ginnie Mae Mortgage-Backed Securities (Ginnie Mae I)
- Master Servicing Fee
- Pooling and Servicing Agreement (PSA)
- Preliminary Prospectus ("Red")
- Private Label Securities (Non-Agency Securities)
- Prospectus
- Real Estate Investment Trust (REIT)
- Sub-Servicer
General information, not legal, tax or financial advice.