Equity investment fund refers to the equity investment in private enterprises, that is, unlisted enterprises in the form of private placement. In the process of transaction implementation, consider the future exit mechanism, that is, sell shares through listing, merger or management buyback. Its establishment condition: 1. Where an equity investment fund or equity investment fund management company is established, the number of investors shall not exceed 200; In the form of a limited company, the number of investors shall not exceed 50; In the form of partnership, the number of partners shall not exceed 50. Equity investment funds established in other forms, the number of investors in accordance with relevant laws and regulations. 2. The registered capital of the company's equity investment fund is 6,543,800 yuan. The registered capital of the company's equity investment fund management company is not less than 5 million yuan; The capital contribution of partnership equity investment fund enterprises and partnership equity investment fund management enterprises shall be implemented in accordance with the provisions of the Partnership Enterprise Law. The contribution of equity investment funds established in other forms shall be implemented in accordance with the provisions of relevant laws and regulations. All investors of equity investment funds and equity investment fund management companies (enterprises) shall contribute their capital in the form of currency. The business scope of equity investment funds is: engaging in investment in unlisted enterprises, non-public offering of shares by listed companies and related consulting services; The business scope of the equity investment fund management company (enterprise) is approved as: entrusting the management of equity investment funds and engaging in financial investment management and related consulting services. Article 13 of the Securities Investment Fund Law of People's Republic of China (PRC) to establish a fund management company to manage publicly offered funds shall meet the following conditions and be approved by the securities regulatory authority of the State Council: (1) Having articles of association that conform to this Law and the Company Law of People's Republic of China (PRC); (2) The registered capital shall not be less than 1 billion yuan, and it must be paid-in monetary capital; (3) The major shareholder has a good performance in financial business or management of financial institutions, has a good financial status and social reputation, and its asset size meets the standards set by the State Council, and has no illegal record in the last three years; (four) the number of personnel who have obtained the qualification for fund practice has reached a quorum; (5) Directors, supervisors and senior managers have corresponding qualifications; (6) Having business premises, safety precautions and other facilities related to the fund management business that meet the requirements; (seven) has a good internal governance structure, perfect internal audit monitoring system and risk control system; (eight) other conditions stipulated by laws and administrative regulations and the the State Council securities regulatory agency approved by the State Council.