There is a way to make a profit, and the equity is acquired by other people or institutions at a premium. Exit channels include mergers and acquisitions, IPO, and repurchase by financiers. These three ways are all ways for others to buy shares held by equity investment funds at a premium. M&A and financier repurchase are institutional premium acquisitions, which usually have a low rate of return. In the stock market, the valuation of IPO companies is often higher than the fund subscription, so the yield is high.