Domestic venture capital and angel investment companies usually raise funds in the form of private equity funds instead of public offering funds.

Private placement funds are funds that are issued to specific investors and are not publicly issued. Investors also need to meet certain entry thresholds. On the contrary, Public Offering of Fund is a fund that is open to all investors.

Because venture capital, angel investment and other investment fields are relatively small in scale and short in investment cycle, they are more suitable for private equity fund raising.