1. Advantages: A. You can get better returns. Note that the term of private equity funds is generally 10 year, so short-term fluctuations can be balanced during this 10 year. Therefore, at the beginning of its life cycle, the profit rate of private equity funds is lower than that of some other old funds. B. The return risk characteristics of investors' entire portfolio will be improved. C. it is better than the stock investment of listed companies.

2. Disadvantages: A. Risk of investment failure. B. the liquidity is poor and unpredictable. C. blind investment, leading fluctuations.