The difference between private equity funds and Public Offering of Fund lies in the issue target, investment threshold, product scale, investment restrictions, expenses, liquidity, information disclosure and so on.
1 Issuer: Private equity funds are qualified investors (high net worth) and Public Offering of Fund is the public.
2 Investment threshold: the average private equity fund is 654.38+0 million yuan, and Public Offering of Fund can only buy 654.38+00 yuan.
3 product scale: the scale of private equity funds is relatively small (10 million or more); Generally speaking, Public Offering of Fund is relatively large (over 100 million).
4. Investment restrictions: Private equity fund strategy is more flexible and has fewer restrictions; Public Offering of Fund has many restrictions, such as holding the lowest position and not being able to participate in the hedging of stock index futures.
5 fees: Private equity funds generally charge floating management fees; Public Offering of Fund's income mainly comes from fixed management fees.
6 liquidity: private equity funds are held on a fixed open day every month or quarter; Public Offering of Fund can be redeemed every trading day.
7 information disclosure: the requirements of private equity funds are not strict, and the information disclosure requirements are low. ; Public Offering of Fund Securities Regulatory Commission requires strict information disclosure every quarter, and needs to disclose its investment portfolio, position ratio and other information in detail.