industrial investment fund trust is a trust product that invests equity or quasi-equity in unlisted enterprises with high growth potential, and participates in the operation and management of the invested enterprises in order to realize capital appreciation through equity transfer after the invested enterprises mature.

Industrial investment funds are usually called venture capital funds and private equity investment funds abroad, which generally point to unlisted enterprises with high growth potential for equity or quasi-equity investment. Industrial funds involve many parties, including fund shareholders, fund managers, fund custodians, accountants, lawyers and other intermediary service institutions, among which the fund manager is the institution responsible for the specific investment operation and daily management of the fund.