At present, Public Offering of Fund is the most transparent and standardized fund. Public Offering of Fund has strict regulations on the qualifications of fund management companies and the custodians of fund assets. The fund custodian is actually a bank in China, because its registered capital must reach 8 billion yuan. Closed Public Offering of Fund also publishes its net asset value once a week and its portfolio once a quarter. Because Public Offering of Fund is also under the strict supervision of the regulatory authorities. Therefore, on the whole, it seems safer and more acceptable to publicly issue fund asset securities.

In terms of scale, private equity funds are relatively small, while Public Offering of Fund is relatively large. Public Offering of Fund is transparent, and its performance will be published weekly and monthly. Private equity funds are not publicly audited and disclosed, and it is difficult for ordinary people to know. Just like depositing in a bank, the interest given by the bank is good, and the subscription funds increase sharply, so it is easy to make the public offering bigger. And private placement, even if he says he is doing well, is hard to believe, and his threshold is very high.

As the manager of private equity fund, he didn't achieve much, but as Public Offering of Fund, he can do it for a long time. Private equity funds are short-term because of the greater pressure. You have to do better than public offering before people will turn to your private offering. Moreover, private placement is legal in the United States, legal in China. For example, you need to do more than just publicly issue funds to attract customers.

The disadvantage of private equity fund is Public Offering of Fund's advantage, and the advantage of private equity fund is Public Offering of Fund's disadvantage. Private equity fund is the product of market mechanism, so its operating mechanism is very flexible. Everything is for investors to make money, otherwise they can't survive.