From google land -
An institutional investor is a company or organization that invests money on behalf of clients or members. Hedge funds, mutual funds, and endowments are examples of institutional investors.
Institutional investors are considered savvier than the average investor and are often subject to less regulatory oversight
Other google snippets basically say equity funds do not provide full value / service range to institutional investors , basically because they are less regulated and can more easily just walk away from deals
From google land - An institutional investor is a company or...
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