What is difference between syndication and consortium

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Syndication involves multiple parties working together to finance a project, while a consortium is a group of companies collaborating on a specific project or goal.

Syndication typically involves financial institutions coming together to provide funding for a large project or investment.
Consortiums are often formed by companies in the same industry to work together on research and development projects or to achieve a common goal.
Syndication is more focused on financing, while consortiums are more focused on collaboration and joint efforts.
Examples of syndication include banks coming together to provide a loan for a real estate development project, while examples of consortiums include multiple tech companies forming a consortium to develop a new technology standard.

What is difference between syndication and consortium

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