Sunshine Private Equity Fund is a fund invested in the stock market, which is issued with the help of trust companies and regularly publishes performance reports. After being filed by the regulatory authorities, the funds shall be managed by a third-party bank. The difference between Sunshine Private Equity Fund and general (so-called "grey") private equity fund is mainly standardization and transparency, because the issuance through trust company platform can ensure the safety of private equity subscribers' funds.

Difference between Sunshine Private Equity Fund and Private Equity Fund

Private equity investment fund (PE) and private equity investment fund are two kinds of funds whose names are easily confused, but their essence is completely different. PE mainly invests in the equity of unlisted enterprises, which belongs to the category of primary equity market and will accompany the growth stage and development process of enterprises. Private equity investment funds mainly invest in the secondary securities market. Private equity funds include private equity funds, one of which is called Sunshine Private Equity Fund. Note: Sunshine private equity fund generally refers to private trust securities fund, which mainly invests in the secondary securities market, and is different from private equity fund in focusing on the primary equity market. Sunshine private placement is to invest in the stock market, while private placement funds are invested by private enterprises (as well as unlisted enterprises), packaged and listed, and finally sold their shares for profit. Some private equity funds also participate in fixed assets investment and urban construction investment after being examined and approved by relevant departments. Relatively speaking, private equity funds are less risky. At present, China's private placements mainly include: private securities investment funds, which are also called sunshine private placements after Sunshine (investing in stocks, such as asset management companies such as Stock Win Asset Management Company, Chunxin Asset Management Company, Wudang Asset Management Company and Xingshi Asset Management Company), private real estate investment funds (currently few, such as Jincheng Capital, Xinghao Investment Fund and Southern Finance Private Equity Fund), and private equity investment funds (that is, PE, investing in unlisted companies with IPOs).

Development of Sunshine Private Equity Fund

Sunshine Private Equity Fund In recent years, private equity funds have experienced explosive growth. According to financial statistics, there are currently more than 500 private equity fund companies in Sunshine, with the total number of products exceeding 1000 and the scale exceeding150 billion. The asset management scale of many private equity fund companies has exceeded 5 billion yuan, and the initial scale of many private equity products has exceeded 654.38 billion yuan, comparable to public offerings. Private fund managers can be roughly divided into three categories according to their work experience: public offering, brokerage and private sector. In recent years, investment stars, including manager Public Offering of Fund, have joined the private placement in succession, and the private placement industry is bright, which is the main reason for the good performance and explosive growth of private placement funds. According to financial statistics, there were 372 fund manager changes in Public Offering of Fund in 20 10, an increase of about 70% compared with 2009. At the same time, 192 fund managers left, which was 64% higher than 1 17 in 2009. On June 26th, the Fund Law was first read. The revised draft not only brings the so-called "sunshine private placement" into the supervision, but also includes all forms of private placement funds. As long as the investment institutions engaged in private placement should abide by the fund law in essence. At present, China's non-public offering funds mainly exist in the form of companies or limited partnerships, not the non-public offering funds stipulated in the draft. In this regard, some people think that the above-mentioned institutions should not be included in the scope of fund law adjustment, and these funds and their investment activities should be registered and operated in accordance with the Company Law and the Partnership Enterprise Law. The main difference between Sunshine Private Equity and fund products is: 1. Investment objectives are different. Sunshine private placement (trust private placement) pursues absolute income, while funds pursue relative income; 2. The management fee is different. The profit of sunshine private placement (trust private placement) mainly comes from floating management fees (only when it is profitable), while the profit of the fund mainly comes from fixed management fees (excluding profit and loss); 3. The threshold of subscription funds is different. Sunshine private placement (trust private placement) needs a minimum of 6.5438+0 million yuan, while the minimum capital needs 6.5438+0 million yuan;