Simplify the following text for a Grade 15 native English-speaking person.
Original: A venture capital fund is a pooled investment vehicle ( often a limited partnership ) that primarily invests the financial capital of third-party investors in enterprises that are too risky for the standard capital markets or bank loans .
Simplified: A venture capital fund refers to a pooled investment vehicle ( often an LP or LLC ) that primarily invests the financial capital of third-party investors in enterprises that are too risky for the standard capital markets or bank loans .