1. Public trust crisis: The run of private equity funds will trigger a public trust crisis in the entire private equity fund industry, which will lead to a decrease in investors' interest in private equity funds and thus affect the development of the entire industry.

2. Economic impact: Private equity funds are large in scale and involve a wide range of investment fields. Their operation will have an impact on the relevant market and economy, lead to the instability of the investment market, and even have a chain reaction to the entire economic system.