There are basically two kinds of private equity funds, one is contractual collective investment funds based on signing entrusted investment contracts, and the other is corporate collective investment funds based on * * * investment joint-stock companies.
Net fund value is the key to calculate the net asset value of a fund unit. Funds usually invest in various investment instruments in the securities market, such as stocks and bonds. Because the market price of these assets is constantly changing, only by recalculating the net asset value of the unit fund every day can the investment value of the fund be reflected in time.
Extended data:
In China's financial market, "private fund" or "underground fund" is a kind of collective investment, which is not open to the public, but privately raises funds from specific investors, as opposed to securities investment funds that are supervised by the competent authorities of our government and publicly issue beneficiary certificates to unspecified investors.
Modern private equity investment industry has experienced four important development periods. 1946 ~ 198 1 in the early PE period, some small private assets invested and small enterprises contacted private placement, which made PE start.
The first economic depression and boom cycle from 1982 to 1993 made PE develop into the second period, which was characterized by a wave of acquisitions with junk bonds as capital leverage.
In the late 1980s and early 1990s, it reached its climax in the crazy acquisition of RJRNabisco, a famous American food and tobacco company, under the almost collapsed leveraged buyout industry environment.
Baidu Encyclopedia-Fund Unit Net Value