Changes

: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, invest capital in or acquire 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. The limited partners are the funds' investors who typically include pension funds, insurance companies, and wealthy individuals. :Types of private investment funds include private equity funds, hedge funds, and venture capital funds.In reality, the lines between these types of funds can often be blurred, but the key distinctions can be summarized as follows:*Private equity funds generally invest in large companies, by acquiring private firms or purchasing a controlling interest in publicly traded ones, with the intent to restructure and sell the firms for a gain. The acquisitions performed by private equity funds