Global Definitions Database

Access, learn and discover all terms related to the non-listed real estate sector.

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ERISA Fund

A fund that consists of, or is deemed to hold, plan assets and operates as a plan asset vehicle that is subject to Title I of ERISA and/or Section 4975 of the Internal Revenue Code (IRC); in the context of a subscription-backed credit facility, borrowers and lenders may have concerns regarding ERISA funds and potential prohibited transactions with lenders that may subject the fund and the lender to tax penalties and/or other fines.

Source: NCREIF | Date: 05 September 2025 | ID: D1110 | Version: 1