What is one condition that must be met for General Partners to take advantage of the lower long$-$term capital gains tax rate on their share of carried interest?

A$)$The fund must have a minimum hurdle rate of $8\%$

B$)$The fund must hold the portfolio investment for at least three years

C$)$he fund must distribute $80\%$ of the profits to Limited Partners

D$)$The fund must achieve a minimum internal rate of return $($IRR$)$ of $20\%$

E$)$The fund must have a management fee lower than $2\%$