A syndicate is a group of individuals or organizations that come together to work on a specific project or investment. This collaboration allows members to pool their resources, share risks, and combine expertise to achieve a common goal. Syndicates are often formed in fields like finance, real estate, and entertainment.
In the context of finance, a syndicate may involve multiple banks or investors joining forces to underwrite a large loan or issue securities. This approach helps distribute the financial risk among the members, making it easier to manage large-scale projects or investments, such as those related to real estate or startups.