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welcome back so now were going to look at is the very unusual structure of a venture capital and private equity fund and theyre quite similar this is the most common structure called the general partner limited partner structure and remember we talked about the means of the firm structure is one of the fundamental means of the firm lets see let me start over here so the first thing you want to look at is you get the individual fund managers these are the entrepreneurs these are the people actually behind raising all the money and everything okay now what they do is they start a management company so the fund managers work at the management company and the management company is kind of the the thing that you as an investor will know about thats the uh the company with the headquarters and the beautiful downtown area and the fancy offices and thats basically where most of the people work okay the actual management company thats the face of either the venture capital or pe fund rig