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Conditions for the establishment of private equity companies
What are the conditions for the establishment of private equity companies? Article 6 of the Interim Measures for the Administration of Private Investment Funds (Draft for Comment) stipulates that a fund manager who meets the following conditions shall apply to the fund industry association for registration:

(1) The paid-in capital or contribution is not less than RMB 654.38+million;

(2) Among the products raised and managed by itself or managed by other institutions, the scale of investment in publicly issued shares, bonds and fund shares of joint stock limited companies and other securities and their derivatives as stipulated by the China Securities Regulatory Commission is more than 6,543.8 billion yuan;

(3) Having two qualified licensed persons in charge and one person in charge of compliance risk control;

(4) It has a good social reputation, has no record of illegal acts in the last three years, and has no record of bad faith in financial supervision, industry and commerce, taxation and other administrative organs, commercial banks, self-discipline management and other institutions.

(5) According to relevant laws and regulations, the private equity fund manager is required to have appropriate capital to support its basic operation;

: 1. Private equity fund company name classification 1. In a narrow sense, a fund company only refers to a fund management company (Public Offering of Fund Company) that can engage in securities investment fund management business with the approval of the CSRC; Broadly speaking, fund companies are divided into Public Offering of Fund companies and private fund companies. Public Offering of Fund's business and personnel activities are supervised by the CSRC, and its employees belong to the fund industry; Private equity fund companies are not regulated (the new fund law may bring private equity funds under the supervision of the CSRC). 2. From the organizational form, fund companies are divided into corporate fund companies and limited partnership fund companies. In practice, all Public Offering of Fund companies are corporate fund companies, and private fund companies adopt both corporate system and limited partnership system.

Securities investment funds (commonly known as funds) are products issued by fund companies. Among the links related to fund issuance, management, custody, registration and sales, those related to fund managers (fund companies) include fund issuance and management, registration and partial sales (direct sales). What needs to be emphasized here is that the fund property is independent of the inherent property of the fund manager. That is to say, on the one hand, the fund company shall not classify the fund property as its inherent property. When the fund company goes bankrupt or collects debts, the fund is not included; On the other hand, investors buying funds do not belong to buying assets of fund companies.

Second, the meaning of private equity investment:

Private equity investment (also known as private equity investment or private equity fund) is a very broad concept, which refers to the investment in any kind of equity assets that cannot be traded freely in the stock market. Passive institutional investors may invest in private equity investment funds, which are then managed by private equity investment companies and invest in target companies. Private equity investment can be divided into the following categories: leveraged buyout, venture capital, growth capital, angel investment, mezzanine financing and other forms. Private equity investment funds generally control the management of the companies they invest in and often introduce new management teams to enhance the company's value.