To issue private equity funds, we must first have a "private equity fund manager". According to the Securities Investment Fund Law, fund managers are legally established companies or partnerships. The conditions for the issuance of private equity funds are as follows: 1. The name shall conform to the Regulations on the Administration of Name Registration, and the words "investment fund" are allowed to be used in the names of investment enterprises that have reached the scale. 2. The words "venture capital fund, venture capital fund, equity investment fund, investment fund" in the industry terminology can be used in the name. 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 654.38 billion yuan; The registered capital shall be fully paid in accordance with the Articles of Association (partnership agreement) within 5 years. "4. The contribution of a single investor shall not be less than 6,543,800 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 consulting of non-securities business. (Fund-based enterprises may apply to engage in other business projects outside the above business scope, but may not engage in the following businesses: (1) Lending; (2) publicly traded securities investment or financial derivatives trading; (3) Raising funds publicly; (four) to provide guarantees for enterprises other than the invested enterprises. 7. Managing fund companies: Investment fund management "The registered capital (capital contribution) is not less than 30 million yuan, all of which are in monetary form, and the paid-in capital (actual capital contribution) at the time of establishment". 8. The investment amount of a single investor shall not be less than 6,543,800 yuan (except for the general partner in a limited partnership). 9. At least three senior managers have experience in the management and operation of equity investment funds or related business experience. 10. The business scope of managed fund enterprises is approved as: investment in non-securities business, investment management and consulting. The issuance process of private equity funds is as follows: 1, product setting stage (1), fund manager selection. Choose a trading team with mature trading model and stable trading record as the fund manager. The specific evaluation process is strictly implemented by the relevant departments of the company (it is planned to adopt the mode of cooperation with the partnership enterprise). (2) Formulate the product design scheme, including the specific operation mode, risk control of the raising cycle, raising scale, closing period, underwriting mode, capital investment and withdrawal mechanism, etc. At the same time, a series of promotional activities such as roadshows were carried out. 2. Provisions on Distribution Channels and Raising Period of Funds (1) During the initial issuance of funds, fund shares are sold to investors through consignment channels such as securities outlets and third-party institutions. Private equity funds mostly adopt the way of self-issuance, that is, the fund promoters sell the funds directly to investors without going through underwriters. (2) After the issuance period, the fund manager shall not use the raised funds for investment, but shall transfer the funds raised during the issuance period to a capital verification account for capital verification by qualified institutions and individuals. A closed-end fund can only be established when the funds raised during the period from the date of approval to the raising period exceed 80% of the approved scale of the fund. (3) If the funds raised by closed-end funds are less than 80% of the approved scale, no fund may be established. The fund sponsors must bear the fund raising expenses, and the raised funds plus the interest on bank demand deposits must be returned to the fund subscribers within 30 days. 3. Fund Operation Implementation After the fund is established, it will enter a closed operation period according to the product design plan. Futures companies fulfill their risk monitoring obligations and track the operation of funds. 4. After the fund withdrawal mechanism expires, pay dividends according to the product design plan and withdraw from the fund. The futures company shall assist in withdrawing. Issuing private equity funds is not only conducive to improving the company's economic benefits, but also conducive to the country's economic development. In recent years, it has been applied by more and more companies and will continue to develop and improve. As long as we understand the issuance process and conditions of private equity funds, it will help the company to develop private equity funds quickly and well and have a positive impact.