Will banks sign custody agreements with private equity funds?
The legal form of private equity fund is trust or partnership. In order to ensure the safety of investors' funds and ensure that private equity funds invest in the direction agreed in the contract, according to the law, commercial banks must act as fund custodians. Therefore, whether it is issued through bank channels or not, private equity funds must sign custody agreements with banks and deposit their funds in banks. It's hard to say if it's not Sunshine Private Equity.