Private placement fund refers to an investment fund established in People's Republic of China (PRC), which collects funds from more than two investors in a private way and obtains financial returns. The investment of private equity fund property includes buying and selling stocks, equity, bonds, futures, options, fund shares and other investment targets agreed in investment contracts. What are the types of private equity funds? What are the conditions for setting up a private equity fund?

Types of private equity funds

Private equity funds are mainly divided into four types: private equity funds, venture capital funds, private equity funds and other types of private equity funds.

1. Private equity funds mainly invest in publicly traded stocks, bonds, futures, options, fund shares and other securities and their derivatives as stipulated by the China Securities Regulatory Commission;

2. Venture capital fund, which mainly makes equity investment in growth enterprises at all stages of entrepreneurship;

3. In addition to venture capital funds, private equity funds mainly invest in non-publicly traded corporate equity;

4. Other types of private equity funds invest in areas other than securities and their derivatives and equity.

Conditions for the establishment of private equity funds

1, the name shall conform to the Regulations on the Administration of Name Registration, and the word "investment fund" is allowed in the name of an investment enterprise that has reached the scale.

2. The words "venture capital fund, venture capital fund, equity investment fund, investment fund" in the industry terminology can be used in the name. As an administrative division, "Beijing" is allowed to be used between trade names and industry terms.

3. Fund type: the registered capital (contribution) of the investment fund company is not less than 500 million yuan, all of which are contributed in cash, and the paid-in capital (contribution) at the time of establishment is not less than 654.38 billion yuan; The registered capital shall be fully paid in accordance with the Articles of Association (partnership agreement) within 5 years. "

4. The contribution of a single investor shall not be less than 6,543,800,000 yuan (except for the general partner in a limited partnership).

5. At least three senior managers have experience in the management and operation of equity investment funds or related business experience.

6. The business scope of fund enterprises is approved as: investment, investment management and consulting of non-securities business.