P Which of the following statements is the most true? O Open-end private equity real estate funds are typically less liquid for investors than closed-end private equity real estate funds O Open-end private equity real estate funds are typically more liquid for investors than closed-end private equity real funds. O Sponsors of closed-end private equity real estate fund typically do not invest equity in the closed-end funds they sponsor O "Carried interest" is potential compensation to the sponsor of the fund that is typically found in open-end private equity real estate funds but not closed-end PERE funds