Carried Interest Debate (Wiki Page)

What is a Private Investment Fund?

Before considering carried interest, one must first have a basic understanding of the organizations that currently benefit from it. Private investment funds, set up as limited liability companies or limited partnerships, purchase or invest capital in private or publicly traded companies. These funds are organized under general partners and limited partners. The general partners are the funds' managers or managing firms, and the limited partners are Types of private investment funds include private equity funds, hedge funds, and venture capital funds. Each

Private equity funds

http://www.taxpolicycenter.org/briefing-book/what-carried-interest-and-how-should-it-be-taxed http://www.ntanet.org/NTJ/61/3/ntj-v61n03p445-60-taxation-carried-interest-understanding.pdf http://victorfleischer.com/wp-content/uploads/2009/12/Two-and-Twenty.pdf http://www.streetofwalls.com/articles/private-equity/learn-the-basics/how-private-equity-works/ http://www.investopedia.com/articles/investing/102515/carried-interest-loophole-americas-tax-code.asp https://www.cbo.gov/sites/default/files/110th-congress-2007-2008/reports/09-06-carriedinterest_testimony.pdf