BEA is changing its treatment of private funds. Currently all investments of at least 10 percent in private funds are covered in the FDI statistics. Beginning with statistics covering 2017, BEA will include only investments in private funds that, in turn, have at least a 10-percent ownership interest in a business operation that is not a private fund. All other investments in private funds will be included in portfolio investment. For details, see http://www.bea.gov/surveys/privatefunds/.