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Who can decide what a private equity fund is and the money of a private equity fund belongs to one person? It's still shareholders'. Did they raise the money?
Private equity fund and Public Offering of Fund are both funds!

The difference lies in the way of raising funds and information disclosure.

Different ways to raise funds:

Public offering funds raise funds through open markets and information channels, such as newspapers and point-of-sale advertisements;

Private equity funds are raised through non-public offering methods such as friend introduction and agency recommendation.

Different ways of information disclosure:

Public Offering of Fund needs to make public disclosure regularly (online, newspapers, etc.). ) fund share changes, position adjustments, and major information disclosure of holding companies.

Private equity funds have no obligation to publicly disclose relevant information, and the information disclosure of private equity funds is only for private equity fund holders.

The concepts of assets and fund size are different. Fund scale only refers to the subscription scale of the fund, that is, the total investment scale of fund participants.

The concept of assets is different. Assets include fixed assets, intangible assets, owners' equity, etc.

But a large part refers to the capital contribution of shareholders.

I hope it helps you.