General partner: generally refers to the management institution or natural person of equity investment fund, abbreviated as GP in English. The general partner shall be jointly and severally liable for the debts of the partnership, and the limited partner shall be liable for the debts of the partnership to the extent of the capital contribution subscribed.
Private equity ("PE" for short) is usually called private equity investment in China. From the perspective of investment mode, according to the definition of relevant foreign research institutions, it refers to the equity investment in private enterprises, that is, unlisted enterprises. In the process of transaction implementation, the future exit mechanism is considered, that is, through listing, mergers and acquisitions or management buyback, the shares are sold for profit.
In a limited partnership with several general partners, one or part of the general partners may be entrusted to carry out the partnership affairs through the partnership agreement or the way decided by all the partners.