We understand that "creditor's rights" can also be understood as a kind of "other investment targets agreed in the contract", and the full text of the Interim Measures does not restrict "private equity investment funds to carry out debt financing business". It is worth noting that the above Interim Measures also include venture capital funds in its normative scope.
In addition to private equity investment funds directly established in the name of equity investment enterprises and venture capital enterprises, there are many enterprises in the market whose names do not reflect the words "equity investment" or "venture capital", but mainly focus on equity investment in unlisted enterprises.
These enterprises often fail to identify themselves as "equity investment enterprises" in accordance with the relevant provisions of the CSRC, and in practice, they do not file in accordance with the Interim Measures for the Supervision and Administration of Private Investment Funds.
However, judging from the definition of "private equity investment fund" in the Interim Measures of CSRC, these enterprises will also be included in the category of "private equity investment fund" for standardized management.
In addition, it is noteworthy that the Interim Measures of the CSRC clearly stipulates that "these Measures shall apply to securities companies, fund management companies, futures companies and their subsidiaries engaged in private equity fund business".
That is to say, the limited partnership enterprises established by securities companies, fund management companies, futures companies and their subsidiaries with equity investment as their main business purpose (regardless of whether their enterprise names have the words equity investment) will also be recognized as "private equity investment funds".