The partnership fund mainly has the following characteristics: First, the partnership fund is essentially a partnership enterprise. Partnership funds are often set up in the form of limited partnerships, and the responsibilities of limited partners and general partners are different, which determines their rights to limited partnerships are also different. Limited partners bear limited liability, and only need to pay their subscribed capital contribution in full and on time according to the agreement of limited partnership; The general partner shall bear unlimited joint and several liability for the debts of the partnership. The fund manager entrusted by the general partner or the general partner who calls himself the fund manager is responsible for the management and decision-making of major issues such as fund investment, and the responsibility for the limited partnership is to carry out partnership affairs. Second, it is conducive to avoiding double taxation. A limited partnership is not an independent legal person and cannot exist independently of the partners. It must be attached to the contractual relationship of each partner. According to the provisions of China's tax law, a limited partnership enterprise is not a taxpayer of enterprise income tax, and the partners bear the tax obligation, which is conducive to avoiding double taxation.