No matter whether Public Offering of Fund wins or loses, the fund manager will not get a piece of the action. Manager Public Offering of Fund's income only comes from management fees, while private placement is different. The fund manager's commission of private equity fund is 20% of the profit.

It is not low to get a commission of 20% without breaking the capital. It is better to buy a fund that is publicly offered by the fund. Private equity funds are divided into many shares, the threshold is high, and it needs millions to start, which is not suitable for most investors.