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Re:Initial Coin Offerings Horrify a Former S.E.C. Regulator by JumpCrisscross on Monday November 27, 2017 @05:37PM (#15792283)
> Private equity associates very rarely don't get carry, which is why they co-invest instead

The vast majority of partner co-investment vehicles I've come across contain partners' capital. A rounding error may be from associates, who are usually counted against the limited number of unaccredited investors such funds can, with great legal liability, be marketed to.

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