The establishment of private equity funds requires the establishment of private equity fund managers and the completion of the registration of the selected private equity fund managers. In addition, the establishment of private equity funds also needs to design relevant laws and regulations, and then raise funds to complete the filing. Private fund managers can set different categories, including securities, equity, venture capital and so on.

Private equity fund refers to a securities investment fund that raises funds from specific investors in a non-public way and invests in specific objects. Private equity funds are raised by means other than mass communication, and promoters set up investment funds to invest in securities by collecting funds from non-public multi-subjects.

Private equity funds are funds raised by private individuals or directly from specific groups. The corresponding Public Offering of Fund is Public Offering of Fund. People usually say that funds are mainly mutual funds, that is, securities investment funds.

Private equity funds in a broad sense include private equity funds in addition to securities investment funds. In China's financial market, "private fund" or "underground fund" is usually a collective investment that is privately raised by specific investors, as opposed to the securities investment fund that is supervised by the competent department of China government and publicly issues beneficiary certificates to unspecified investors. There are basically two ways, one is a contractual collective investment fund based on signing the entrusted investment contract, and the other is a corporate collective investment fund based on * * * contributing shares to establish a joint-stock company.

Funds can be divided into public offering and private offering according to whether they raise funds for the public, and securities investment funds (stocks), futures investment funds (futures contracts), monetary investment funds (foreign exchange), gold investment funds (gold), FOF funds (PE and VC funds) and REITs real estate investment trust funds (real estate investment funds) according to the main investment targets.

TOT trust (trust investment fund, whose target is trust products) and hedge fund (also called arbitrage fund, whose target is arbitrage space) are many of the above-mentioned fund forms in western countries, but in China, there is only such a concept (private placement is possible because it is not limited by policies and the investment target is flexible).

The so-called funds in China should be called securities investment funds accurately, such as Dacheng, Huaxia, Jiashi and Bank of Communications Schroeder. These Public Offering of Fund are strictly supervised by the CSRC, and their investment direction and proportion are strictly restricted. Most of them manage tens of billions of dollars.