(1) Information opacity risk. Private equity funds do not have strict information disclosure requirements, and there is a risk of insufficient information disclosure in any process involving investment operation management.

(2) Risks that do not match the investor's ability to resist risks. Investors expect to get high returns from private equity funds, but they may not have the corresponding ability to resist risks. If private equity funds neglect proper management, it will easily lead to risk mismatch.

(3) The risk of private equity fund caused by the fund manager. Due to the lack of strict industry access standards, there are obvious differences in fund managers' management ability, industry status and market recognition. In the same market environment, some fund managers can bring benefits to investors with accurate investment, while some fund managers may cause losses to investors.

(4) illegally absorbing the risk of public deposits. Some private equity funds will attract investors to participate in investment by deliberately exaggerating income and concealing projects, which will expose the funds to the risk of illegally absorbing public deposits.