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Multiple limited partnerships

Asked by david arbital

Can I establish two LLPs in order to have a Fund of Funds as well as a traditional long/short fund? Reason being I would like to be able to have two minimum investments, this allows marketing efforts to investors committing $1,000,000 plus not be be overlapping those investing $25,000. I would simultaneously be able to attract both wealthy and extremely wealthy investors, and at the same time increasing diversification as far as the LLC is concerned.

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