1. Private equity fund refers to a few specific qualified investors. It is a private sale, corresponding to Public Offering of Fund.
2. A trust company refers to a non-bank financial institution established in China in accordance with the Company Law of People's Republic of China (PRC) and the Measures for the Administration of Trust and Investment Companies and mainly engaged in trust business. Trust products refer to financial products issued by trust companies. Generally divided into single fund trust and collective fund trust.
3. Private equity funds issued by trust companies are sunshine private equity products, which are generally invested in the securities market.
4. Some private fund companies have corresponding sales licenses and can sell trust products on a commission basis.