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Are Venture Partners in a Firm's General Partner entity or Management Company?

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Venture Partners typically sit in the General Partner entity of a Venture Capital firm. They may be involved in managing only one specific fund and can earn a percentage of the carried interest for that particular fund. They are not usually part of the Management Company, which is where the firm's owners or managing partners are located.
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Venture Partners sit in the General Partner entity of a Venture Capital firm. They are involved in managing only one specific fund and can earn a percentage of the carried interest for that particular fund. They are typically not part of the Management Company, which is where the firm's owners and/or managing partners are located.

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