1. Private parent fund is a long-term and stable source of funds. As an LP focusing on the private equity market, private equity parent funds can usually inject capital into excellent sub-fund teams for a long time without being limited by the proportion of assets allocated in the private equity market. 2. Private parent funds can build a more optimized LP structure for sub-funds and ensure long-term and stable funding channels. Different regions and types of LPs will adjust their asset allocation in the PE market according to changes in the market and policy environment. 3. The addition of private parent funds can usually shorten the raising cycle of sub-funds. As a professional investor, private equity parent fund has strong professionalism in due diligence, fund terms negotiation and long-term tracking of GP performance. Therefore, joining in the initial stage of fund-raising is of positive significance for promoting the success of fund-raising and shortening the fund-raising cycle. Juneyao Capital adheres to the principle of "following the trend, choosing the right time and choosing the right opponent", and selects high-quality assets in the whole market from the perspective of professional managers to provide investors with scarce investment opportunities. Junyao Capital focuses on the development trend of new culture, new consumption and new technology, and makes in-depth investment in different sub-sectors to tap scarce assets.