{
  "url": "https://classa.info/glossary/j-curve",
  "title": "J-curve",
  "description": "Early negative returns followed by positive returns in a closed-end fund.",
  "oneSentenceAnswer": "Early negative returns followed by positive returns in a closed-end fund.",
  "tldr": [
    "Early negative returns followed by positive returns in a closed-end fund.",
    "Caused by management fees and acquisition costs hitting before NOI ramps."
  ],
  "keyFacts": {
    "category": "Investment",
    "regionScope": "Global"
  },
  "pageType": "glossary",
  "lastUpdated": "2026-04-01T00:00:00.000Z",
  "license": "CC BY 4.0 with attribution to Class A Atlas (https://classa.info).",
  "citation": "Source: Class A Atlas (https://classa.info/glossary/j-curve), updated 2026-04-01T00:00:00.000Z."
}