Industrial investment funds generally point to unlisted enterprises with high growth potential to invest in equity or quasi-equity, and participate in the operation and management of the invested enterprises in order to realize capital appreciation through equity transfer after the invested enterprises mature. According to the different stages of the target enterprise, industrial funds can be divided into seed stage or early stage funds, growth stage funds, restructuring funds and so on.

Industrial investment funds have the following main features:

First, the investment targets are mainly non-listed enterprises.

Second, the investment period is usually 3-7 years.

Third, actively participate in the operation and management of the invested enterprises.

Fourth, the purpose of investment is to promote the development of enterprises through investment based on the potential value of enterprises, and realize capital appreciation benefits through various exit methods at the right time.

Fund trust means that the trustor entrusts a trust company to manage, use and dispose of the legally owned funds according to the agreed conditions and purposes. According to the different purposes of the number of clients, fund trusts can be divided into individual fund trusts and collective fund trusts. Trust companies entrusted by a single principal are single-fund trusts, and those entrusted by more than two principals are collective-fund trusts.