A Limited Partner is an investor in a partnership who contributes capital but has limited liability. This means they are not personally responsible for the debts or obligations of the partnership beyond their investment. Limited partners typically do not participate in the day-to-day management of the business, allowing them to invest without taking on operational risks. In many cases, limited partners invest in private equity or venture capital funds, where they provide financial support to the general partners, who manage the investments. This structure allows limited partners to benefit from potential profits while minimizing their exposure to financial loss.