If the Money Manager creates a Fund and the Investor has invested in the Default Offer before the Money Manager gets the chance to edit it, the Money Manager can turn the Offer to "Private" to prevent more Investors from joining the Offer. 

To do this, you would need to untick the "Public" box in the Offer and click "Save". 

It is very important as a Money Manager to set the Offer first when the Fund is created. 

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