Why do you fund raise?
You fund raise so you can get money for some cause. It cannot be cause for your own personal need, it has to be a reputable charity such as the RSPCA. camarillo.
A Fund of Fund is a Mutual Fund where the fund manager does not buy individual stocks. Instead he buys mutual funds of a particular type. Maybe Equity Oriented Funds or Debt Oriented Funds etc. When the Fund of Fund starts an IPO, they raise money from investors and then begin investing money in the various fund schemes