Custody private equity fund means that all investment funds of the fund are subscribed by investors (including customers, investors and investors), and the rights and interests of all investors are the same, without grading and unified risk control standards. Structured products are generally divided into priority and inferior level. The inferior share is generally funded by investors themselves, and the priority is generally funded by banks or institutions. The inferior level bears the risk of loss of the fund and the fixed interest of priority. Priority level collects principal and fixed interest, regardless of the excess income of the fund. The inferior share is charged with all the excess income of the fund except the priority fixed interest and other expenses!

(Source: Zhihu)