In fact, not only Internet companies are setting up industrial funds now, but also a large number of listed companies and local governments are setting up industrial funds. Maybe if you are not in the relevant industry, you won't feel this way. Why are a large number of industrial funds being set up? The core background is that the whole society is changing from indirect financing to direct financing.

Why do listed companies or even internet companies set up industrial funds? The most important thing is that the money can be put on the balance sheet. If you study it carefully, you will find that the asset-liability ratio of many such companies is not low. The establishment of industrial funds can carry out off-balance sheet financing, so that the statements are also good-looking and the acquisition can be completed. If you have done financing-related business, you should know how important it is for investors to invest in good-looking statements.

Besides, the scale is bigger now, and non-practitioners may not pay much attention to it. In fact, local governments are gradually setting up industrial funds and even local guidance funds. In fact, the core reason is to use market-oriented means to spend small money to do big things, attract the participation of all social forces, and increase the amplification and guiding role of financial funds.

In fact, the current listed companies are rather slippery, and even involve the operation of interest transfer. They set up a fund together and bought it in cash a few years later. Basically, after a few games, they can transfer the money of listed companies to relevant individuals. Of course, I believe that the new American universities should not have this problem, so I won't say much here.

In fact, the main functions of various industrial funds are:

1. Integrate all resources and strengthen cooperation;

2, increase capital leverage, small money to do big things.

Basically all the reasons are these two reasons in the end. In practice, if you set up an industrial fund, you can do GP or co-GP yourself, so you can buy related projects with little money. Even if the company can't swallow it directly now, you can raise it with the industrial fund first and then swallow it when the time is ripe. You can also use this industrial fund to allocate funds, and then LBO. .

Moreover, all parties who set up industrial funds have huge resources, either simply rich or rich in industrial and project resources, which is very helpful for the company's subsequent development and mergers and acquisitions.