Private equity fund custody account can not be changed casually, only the custodian. After the general fund contract is established, there are few cases of changing the custodian bank, because the fund company and the custodian need to negotiate and communicate. Private placement fund refers to a securities investment fund that raises funds from specific investors in a non-public way and invests in specific objects.

Introduction of Private Equity Fund

Private placement funds can be divided into contractual funds, corporate funds and partnership funds, virtual funds, combined funds and trust funds according to organizational forms. Private equity funds in a broad sense include private equity funds in addition to securities investment funds.

On the other hand, public offering funds raise funds from the public. Compared with Public Offering of Fund, private equity funds are mainly raised by a few specific investors, and are highly confidential through non-public offering.

In China's financial market, private equity fund or underground fund is usually called a collective investment that is privately raised from specific investors, as opposed to the securities investment fund that is supervised by the competent department of China government and publicly issues beneficiary certificates to unspecified investors.

Contractual collective investment funds based on signing entrusted investment contracts, and corporate collective investment funds based on * * * investment joint-stock companies.