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Do private equity funds file first?
Raise it first and then put it on record.

In most cases, more than two investors (whether 2 million or several million) have raised funds for the record. Some private equity fund companies also invest their own money first, put it on record first, and then raise it on a large scale. Because many investors want to see the product put on record, investors with records have a high degree of recognition.

Private equity investment (also known as private equity investment or private equity fund) is a very broad concept, which refers to the investment in any kind of equity assets that cannot be traded freely in the stock market. Passive institutional investors may invest in private equity investment funds, which are then managed by private equity investment companies and invest in target companies.

Private equity investment can be divided into the following categories: leveraged buyout, venture capital, growth capital, angel investment, mezzanine financing and other forms. Private equity investment funds generally control the management of the companies they invest in and often introduce new management teams to enhance the company's value.

References:

Sogou encyclopedia-private equity fund