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What are the contract funds for private placement products?
1, feeder-parent fund (sub-parent fund): multiple sub-funds raise investors' funds from different channels, which are collected in the parent fund, and the parent fund is responsible for the investment operation, which is conducive to expanding the fundraising scale.

2.FOF fund (parent fund form): Do not directly invest in stocks, bonds or other securities, but take "fund" as the investment target, which is conducive to diversifying the risk of centralized investment.

3. Contractual funds with nested limited partnerships: If you want to participate in equity investment and other businesses, contractual funds are not recognized in industrial and commercial registration because they do not have the qualification of independent legal persons, so you need to conduct business in the mode of nested limited partnerships.