Private equity investment fund is a non-securities investment fund established in China, which makes equity investment in unlisted enterprises in a non-public way and provides value-added services. Its characteristics are as follows: 1, long investment cycle and poor liquidity; 2. More resources are invested in post-investment management; 3. Strong professionalism; 4. The return is highly volatile, and it is an investment product with high risk and expected return.

The management methods of private equity investment funds are mainly divided into self-management and entrusted management. Among them, self-management is the self-built management team of the fund, which is responsible for the investment decision of the fund. Usually, companies and partnership equity investment funds are self-managed; Entrusted management means that the fund entrusts a third-party management institution to manage its investment. At present, entrusted management is gradually becoming the mainstream way of fund management.