Private Investment Fund

Shhhhh. Be vewy quiet. We’we hunting pwafits.

Ok, people. It’s private. Yes...private. Private means not subject to the onerous rules of public market investing.

That is, when it’s only wealthy big boys and girls putting in their dough, the presumption is that they have their own lawyers, their own risk tolerances, their own Ivy League educations, and they can figure out the deal on their own. They don't need government training wheels the way they do in public offerings, publicly traded securities, and so on.

So who does this apply to? Like...what investment vehicles?

Hedge funds. Private equity funds. Venture capital funds. And other whispery vehicles we can’t tell you about.