Private equity and venture capital—glossary of terms A Accelerated depreciation Accelerated depreciation is the set of HM Revenue & Customs rules that allow businesses to deduct from their taxable income the declining value of business-related investments ie equipment and machinery, faster than the value of those assets actually declines. The most common types of accelerated depreciation are 'sum of the years digits' and 'double declining balance'. Acquisition The process of acquiring a controlling interest in another company or any deal where the bidder ends up with 50% or more of the company taken over. Acquisition finance A source of external finance obtained by the acquiring company to fund an acquisition. This can be in the form of bank debt and/or equity, such as a share issue. Alternative investment fund (AIF) Any collective investment undertaking, including investment compartments of an AIF, that raises capital from a number of investors with a view to investing it in accordance with a defined investment policy for the benefit of those investors, and which is not a fund covered by Directive 2009/65/EC on the co-ordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities (UCITS) (AIFMD, Directive 2011/61/EU, art 4(1)(a)). An AIF may invest in traditional or alternative investments and may be private or listed. For more information (including scope and exemptions), see At
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