Public Offering of Fund generally starts from 1 1,000 yuan, and the lowest can start from 1 1,000 yuan; Private placement is aimed at high-net-worth customers, with a threshold of 6.5438+0 million yuan. Some private placements will further raise the threshold in order to control the scale.

2. Different location restrictions

Public offerings generally have upper and lower positions; Private placement can choose Man Cang and short positions, and some can also use stock index futures to hedge risks.

3. Different costs

Many public offerings and private placements are similar, including subscription fees, fixed management fees and redemption fees, but Sunshine Private Equity Fund overcharged a share of investment income.

4. Different liquidity

Open-end funds can be redeemed every trading day, and the funds generally arrive in t+3 working days, with excellent liquidity. Private placement can only be redeemed on a fixed open day every month or quarter.

5. The investment and research strength is different.

The public offering has a huge investment and research team, full support from external scientific research institutions, strict investment process and compliance control. Private placement is generally small, and the number of investment and research teams is also small.

6. Different information disclosure

The information disclosure of public offering is very strict, and some information such as investment targets and top positions should be disclosed every quarter. Private placement requires low information disclosure, and its heavy stocks have been kept secret.

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