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. Syndicates are commonly found in various fields, including finance, media, and sports. In finance, a syndicate often refers to a group of banks or investors that jointly underwrite a new issue of securities, such as stocks or bonds. This arrangement helps distribute the financial risk and ensures that the offering is successful. Syndicates can also be formed for other purposes, such as real estate development or venture capital investments.