Assertion: venture capitalist's fund | /r/HasProperty | designed as an umbrella entity
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text: Unlike a parallel fund, which is designed as an umbrella entity for investors to participate in parallel to the main fund, an alternative investment vehicle is formed so that investors who have subscribed to the main fund (or a parallel fund) can take advantage of efficient structures to hold specific assets if the fund is not the optimal investment vehicle for a particular investment, whether for tax, regulatory or other legal reasons.