Private equity funds generally refer to funds engaged in private equity (non-listed company equity) investment.
Private placement is relative to public offering. At present, all funds in China are raised through public offering, which is called fund public offering. If a fund does not go through public offering, but privately raises funds from a specific target, it is called a private equity fund.
Equity investment fund is a private equity fund (PE) that invests in unlisted enterprises through private placement.
Operation process of private equity investment fund;
Project selection and feasibility demonstration-legal investigation-investment scheme design-exit strategy-supervision.
I. Registration conditions for private equity fund companies:
1. The registered capital (capital contribution) of the private enterprise shall not be less than 30 million yuan, and the paid-in capital (capital contribution) at the time of establishment shall not be less than 30 million yuan; The contribution of a single investor (shareholder) shall not be less than RMB 6,543,800+0,000 (except for the general partner in a limited partnership).
2. The registered capital (capital contribution) of the private equity enterprise shall not be less than 500 million yuan, and the paid-in capital (capital contribution) at the time of establishment shall not be less than 654.38+0 billion yuan; The investment (contribution) amount of a single investor (shareholder) shall not be less than RMB 6,543,800+0,000 (except for the general partner in a limited partnership).
Two. Private fund management companies and private fund companies' business scope:
1. The business scope of private enterprises can be verified as: investment management and consulting of non-securities business; Participate in the establishment of investment enterprises and management enterprises. No securities investment or guarantee, no public fundraising.
2. The business scope of private equity enterprises can be approved in addition to the above scope: investing in non-securities business; Acting as an agent for other investment enterprises or individuals. Shall not engage in securities investment and guarantee. No funds may be raised in an open manner.
3. Both management-oriented enterprises and investment-oriented enterprises may apply to engage in other business projects beyond the above business scope, but they may not engage in securities investment or guarantee. No funds may be raised in an open manner. An investment-oriented enterprise shall not become a shareholder of a listed company, except for the untransferred part of the shares held by the investment-oriented enterprise and its allotment after the listing of a non-listed enterprise.
Three. Provisions on the number of sponsors of private equity fund companies or "fund management companies":
Although there is no regulation, it is generally not suitable for more than 50 people; As a limited liability company, according to the law, there should be no more than 50 people; As a private placement, no matter what form, it cannot exceed 200 people.
Four, other provisions:
According to the Interim Measures for the Administration of Venture Capital Enterprises, venture capital enterprises should have at least three senior managers with more than 2 years of venture capital or related business experience to undertake investment management responsibilities. Entrust other venture capital enterprises and venture capital management consulting enterprises as management consulting institutions to be responsible for their investment management business.
This information is for reference only. Please contact the editor if you have any information.