Qflp mainly refers to private equity funds funded by foreign investors as limited partners. Foreign exchange funds can be converted into RMB at the fund level through qflp pilot policy, and the fund will invest in RMB when investing abroad. Private equity fund is a fund engaged in private equity (non-listed company equity) investment. It mainly includes investing in the equity of non-listed companies or the non-publicly traded equity of listed companies. The pursuit is not equity income, but the profit from selling equity through equity transfer paths such as listing, management buyout and merger.

Conditions of establishment

The name of "1" shall conform to the Regulations on the Administration of Name Registration, and the words "investment fund" are allowed in the names of investment enterprises that have reached the scale.

"2" The terms in the industry name can use the words "venture capital fund, venture capital fund, equity investment fund and investment fund". As an administrative division, "Beijing" is allowed to be used between trade names and industry terms.

"3" Fund type: the registered capital (contribution) of the investment fund company is not less than 500 million yuan, all of which are contributed in cash, and the paid-in capital (contribution) at the time of establishment is not less than 6,543.8 billion yuan; The registered capital shall be fully paid in accordance with the Articles of Association (partnership agreement) within 5 years. "

"4" The investment amount of a single investor is not less than 6,543,800,000 yuan (except for the general partner in a limited partnership).

"5" At least three senior managers have experience in the management and operation of equity investment funds or related business experience.

"6" The business scope of fund enterprises is approved as: investment, investment management and non-securities business consulting.

Private Equity Fund

The scope of private equity funds is narrower than that of Public Offering of Fund, but they are all institutions or individuals with strong capital strength and high quality of capital composition, which makes the funds raised by them not necessarily inferior to that of Public Offering of Fund in quality and quantity. It can be an individual investor or an institutional investor.

property rights

In addition to pure equity investment, there are disguised equity investment methods (such as convertible bonds or corporate bonds with warrants) and portfolio investment methods with equity investment as the mainstay and debt investment as the supplement. These methods are a great progress of private equity in investment tools and investment methods. Although equity investment is the main investment method of private equity investment funds, its dominant position will not be easily shaken, but the rise of various investment methods and the combined use of various investment tools have also formed an irresistible trend.