Domestic venture capital and angel investment-based investment companies usually raise funds in the form of private equity funds rather than public funds.

Private equity funds refer to funds issued to specific investors and are not open to the public. Investors also need to meet certain access thresholds. In contrast, public funds refer to funds that are publicly raised and open to all investors.

Since venture capital, angel investment and other investment fields have relatively small project scales and relatively short investment cycles, they are more suitable for private equity fund raising.