How is this structure different from a private equity limited partnership?

The fund differs from traditional venture capital funds in multiple ways:

• The fund is evergreen, whereas traditional funds typically have a seven- to ten-year fund life.
• Quarterly redemption windows give investors liquidity, whereas traditional funds typically lock up investor capital for seven or more years.
• This fund invests in both private and public companies, whereas traditional funds typically invest only in private companies.
• The fund is available to non-accredited retail investors, whereas most traditional venture capital funds only are available to qualified purchasers, a special type of investor accreditation that requires an investor to have more than $5m in investible assets.