placement agent

Definition

An individual who is hired by a company for the purpose of finding people who are interested in investing in the company. A company will hire a placement agent if it doesn't want to spend too much of its own time searching for investors.

Use placement agent in a sentence

You should try to have a good relationship with your placement agent so they can know you when the time is right.

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He was a placement agent and he told us that he had always been worried about finding people that would want to invest.

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If you own a company, need investors and your time is limited, you might want to hire a placement agent who will actively pursue investors for you.

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