http://fundontology.com/fr/ref/Fund_Financial_Reference.ttl#PrivateFund
Class fr-fin-ref:PrivateFund

owl:Class

Private Fund

owl:Thing

http://www.omg.org/spec/EDMC-FIBO/FBC/FunctionalEntities/FinancialServicesEntities/InvestmentCompany

fibo-fbc-fct-fse:InvestmentCompany and (fibo-be-oac-opty:hasInvestor only fr-fin-ref:QualifiedInvestor) and (fibo-be-oac-opty:hasInvestor max 100)

A private Investment Company that is not considered a Management Company. Title 15 U.S. Code § 80a–3 - Definition of investment company exempts: (c) (1): No more than 100 shareholders (c) (7): Qualified purchasers

References
as owl:equivalentClass (fr-fin-ref:PrivateFundAdviser)