No, according to official website, a private equity fund of Xinbo, private equity funds are mainly divided into two categories, one is securities funds, which mainly invest in stocks in the secondary market, and the other is corporate equity in the primary market, commonly known as original stocks. The investment targets of the two types of funds are enterprises, listed companies and unlisted companies. Enterprises with equity investment are also companies with listing potential in the future, and the quality of enterprises is good.