Limited Partnership in Private Equity

Ropa Ushe
July 4, 2025

a legal entity composed of a general partner and
various limited partners. The general
partner manages the investments and is
liable for the actions of the partnership
while the limited partners are generally
protected from legal actions and any
losses beyond their original investment.
The general partner collects a
management fee and earns a percentage
of capital gains (see Carried interest),
while the limited partners receive income,
capital gains, and tax benefits.

Ropa Ushe

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