1. Different investment objects: Sunshine Private Equity Fund mainly invests in the secondary securities market, while private equity mainly invests in the equity of unlisted companies.

2. Difference in subscription amount: The actual manager of Sunshine Private Equity is a private equity management company. Generally, the minimum subscription amount is 6,543,800 yuan, and the establishment requirement is 30 million yuan. The subscription threshold of private equity funds shall not be less than 6,543,800,000 yuan, and the establishment requirement shall be more than 50,000,000 yuan.

3. Differences in information disclosure: Sunshine Private Equity discloses its net value once a month, and it is also published once a week. Some private placements publish operating reports quarterly, monthly or more frequently.

The difference between Sunshine Private Equity Fund and Private Equity Fund lies in the investment object, subscription amount and information disclosure.