The so-called self-owned funds refer to the part of funds that enterprises often hold for production and business activities, which can be used at their own disposal without repayment. Symmetrical with borrowed funds. Due to the different forms of ownership of means of production and financial management system, each enterprise has different channels to obtain its own funds.
Buyoutfund refers to a fund that focuses on M&A investment of enterprises, and it is a form of fund developed from European and American countries in the middle of the 20th century. Its usual operation mode is to obtain the equity of the target enterprise through holding or equity participation, and then carry out a series of business, management integration and restructuring of the target enterprise, and then sell the equity of the target enterprise after the profit of the target enterprise increases to obtain value-added income.
At present, M&A funds mostly appear in mature markets, which belongs to the high-end of private equity investment (PE) and is also the mainstream model of PE in mature markets in Europe and America. Different from angel funds and growth funds, M&A funds mainly choose mature enterprises, while angel funds and growth funds mainly invest in entrepreneurial enterprises. The traditional M&A fund aims to gain the control of the target enterprise and seek the management right of the enterprise, while angel fund and growth fund exist in the form of equity participation and rarely participate in the daily operation and management of the enterprise.