# Closed-end fund

> Fund with a fixed term — capital is called and returned over the life.

**Canonical URL:** https://classa.info/glossary/closed-end-fund
**Page type:** glossary
**Last updated:** 2026-04-01T00:00:00.000Z
**License:** CC BY 4.0 with attribution to Class A Atlas (https://classa.info).

## TL;DR
- Fund with a fixed term — capital is called and returned over the life.
- Standard structure for value-add and opportunistic strategies.

## Key facts
- **category**: Investment
- **regionScope**: Global

---
Citation: Source: Class A Atlas (https://classa.info/glossary/closed-end-fund), updated 2026-04-01T00:00:00.000Z.