Private equity fund refers to an investment fund set up by raising funds from qualified investors in a non-public way, including companies or partnerships whose assets are managed by fund managers or general partners for investment activities. Do you know which ones? The following is Xiaobian 202 1 Notes on Private Equity Investment _ Generalized Private Equity Fund, for reference only, I hope it will help you.
Private placement operation mode
The operation mode of private equity fund is equity investment, that is, the shares of unlisted companies are obtained through capital increase and share expansion or share transfer, and profits are made through share value-added transfer.
Matters needing attention in private equity investment
1. When investing in private equity funds, you must pay attention to choosing a good fund manager. Judging whether his technology is feasible can analyze the performance of the funds he managed in the past. Before formal investment, it is very necessary to have a certain understanding of fund managers.
We also need to find a trust company. In China, most private equity funds are issued through trust companies, and investors entrust funds to trust companies. In terms of capital security, there is no third flow from the capital account to the trading account of the securities company and from the capital account to the customer account. Simply put, if the trust company goes bankrupt, then the fund assets still belong to the fund holders, and have nothing to do with the trust company.
3. We should choose the type of private equity products we will invest in according to individual couples. Private equity funds mainly invest in stocks, bonds, funds and central bank bills. At present, some private equity products of trust platforms can also invest in stock index futures, and some private equity products issued through limited partnerships have a wider investment scope.
4 Minimum purchase amount of private equity investment
The investment amount of private equity funds shall not be less than 6.5438+0 million, which is a hard standard. According to the Measures for Private Placement, a private equity qualified investor refers to a qualified investor with corresponding risk identification ability and risk-taking ability, and the investment amount of a single private equity fund is not less than 1 10,000 yuan. The reason why private equity funds set the threshold of 6,543,800+0,000 is to improve investors' ability to identify risks and thus protect the interests of ordinary investors.
Private equity funds in a broad sense depend on different subjects.
One is Sunshine Private Equity Fund. This kind of fund is initiated by a private entity, and its shareholders can be legal persons, natural persons, partnerships or sole proprietorships, thus creating relative freedom. Private equity funds in the general sense refer to this. The products set up by this kind of private equity fund usually add "_ _ private equity fund/_ _ _ private equity fund" after the name. As the name implies, the investment target of private equity investment funds is securities, and the investment target of private equity investment funds is equity. In addition to these two categories, there is another category that will be introduced later.
The second is the brokerage asset management company. In the past, when the asset management business was not as hot as it is now, asset management was only a department of securities firms. Later, the asset management business was in full swing, and many brokers separated the asset management business and set up separate companies to be responsible for their own profits and losses and independent accounting. This is a brokerage asset management company. The well-known brokerage asset management companies include Huatai Securities Asset Management Co., Ltd., Guotai Junan Asset Management Co., Ltd. and Haitong Securities Asset Management Co., Ltd.. Private placement products issued by such asset management companies are mostly marked with the words "_ _ asset management plan" after their names. Some large securities firms have applied for public offering licenses after the scale of asset management has expanded. Therefore, it should be noted that not all products of brokerage asset management companies are private equity funds.
Third, trust companies. The general name of products issued by trust companies is followed by the word "_ _ trust plan". Trust plan can be said to be omnipotent to some extent. It can be used as financing tools, investment tools, non-standardized products, standardized products, loan channels and investment targets. Among them, the collective fund trust plan is similar to the brokerage asset management plan we mentioned above, which can invest in standardized securities and also constitute the private equity fund market.
Fourth, publicly issue products for special fund accounts. As we said above, brokers who started from private placement can apply for public offering licenses; Public Offering of Fund can naturally do private equity products, that is, special account funds. The special fund account is a "one-to-one" product customized by the fund company for the special risk-return preference of ultra-high net worth customers and institutional customers. The reason for targeting ultra-high net worth customers and institutions is that the initial assets entrusted by customers in special fund accounts shall not be less than RMB 30 million, unless otherwise stipulated by the China Securities Regulatory Commission.
Fifth, in addition to brokerage asset management, there are two types of asset management companies, namely futures asset management and insurance asset management. Among them, with the development of China's insurance market, the scale of insurance asset management is increasing, and many insurance companies have set up their own asset management departments independently, such as Taikang Asset Management Co., Ltd.