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This is a such a good introductory book for PE/HF industry. I had been working in this industry for 2.5 years and I felt so delighted and thankful for this book since this summarized many useful information in one book. It is definitely not a intense and goes very deep., but as a summarized book, it is a to go for anyone work in Alternative Investment industry practice.
This is by no means an academic epos on funds (PE, Hedge, etc) and its comparison. It is, however a good reference book for when you need to lookup some tax-related information for a specific fund structure within a particular jurisdiction for example. I guess, it can be used as a tutorial for various fund structures as it does provide a comprehensive overview of both master/feeder and parallel structures for example.