Direct Participation Program (DPP)

A direct participation program (DPP) is an investment vehicle that allows investors to participate directly in the profits and losses of an underlying business. DPPs are often used to invest in real estate, oil and gas, and other illiquid assets.

DPPs are typically structured as limited partnerships or limited liability companies. The general partner manages the partnership and is responsible for making all investment decisions. The limited partners are the investors who provide capital to the partnership and share in the profits and losses.

DPPs can be a good investment for investors who are looking for high returns and who are willing to take on the risk of illiquidity. However, DPPs can also be complex and risky investments, so it is important to do your research before investing.

Here are some of the key features of DPPs:

* DPPs are typically illiquid, meaning that it can be difficult to sell your investment.
* DPPs can have high fees, including management fees, marketing fees, and performance fees.
* DPPs can be complex and risky investments, so it is important to do your research before investing.

If you are considering investing in a DPP, it is important to understand the risks and rewards involved. You should also speak with a financial advisor to make sure that a DPP is the right investment for you.