1. Issue target: Private equity funds are mainly aimed at a few specific investors, including institutions and individuals, while Public Offering of Fund is publicly issued to the public, that is, the general public is its potential investors.
2. Ways of raising funds: Private equity funds raise funds through non-public offering, while Public Offering of Fund raises funds through public offering.
3. Information disclosure requirements: Public Offering of Fund has very strict information disclosure requirements, and its investment objectives, portfolio and other information need to be made public to enhance market transparency. However, the information disclosure of private equity funds is relatively small and confidential.
4. Investment restrictions: Public Offering of Fund has strict restrictions on investment varieties, investment proportion and matching between investment and fund types, while the investment restrictions of private equity funds are completely stipulated in the agreement, which is more flexible.
5. Performance rewards: Public Offering of Fund does not extract performance rewards, but only collects management fees, while private equity funds collect performance rewards, but generally do not collect management fees.
6. Investment philosophy: Private equity funds pursue absolute returns and excess returns, while Public Offering of Fund's investment goal is mainly to exceed the performance comparison benchmark.