1, the two concepts are different. The establishment of a joint stock limited company is the organizational form of a company, which refers to a company with shares as its capital, and shareholders are liable to the company to the extent of the shares subscribed by them. Private equity fund (PE for short) is the company's business model, which refers to raising funds from large institutional investors and well-funded individuals in a non-public way, then seeking opportunities to invest in unlisted enterprises, and finally obtaining the investment return of the whole fund through active management and withdrawal.
2. Both occur in different stages. The establishment of a joint stock limited company includes initiation and offering, which generally occurs at the beginning of the company's establishment. Offering means that the promoters subscribe for part of the shares that the company should issue, and the rest of the shares are offered to the public or specific objects to set up the company. However, private equity funds tend to invest in established enterprises that have formed a certain scale and generated stable cash flow, mainly equity investment in unlisted enterprises.
3. The objects they face are different. The organizational forms of private equity funds include corporate system, contract system and limited partnership system. In the corporate system, private equity funds mainly face limited liability companies, and there are few joint-stock companies.
Their purposes and rights are different. Shareholders of a joint stock limited company mainly pay dividends through the company's profits, and enjoy certain rights to the company to the extent of their capital contribution, and bear limited liability for debts. Private equity funds mainly make profits by withdrawing from the trading mechanism and selling their own shares.