From the perspective of risk diversification, the risk diversification function of parent fund investment is the most significant, followed by single fund investment and direct investment. Because the investment of the parent fund is a diversified portfolio investment, the parent fund has the characteristics of double risk dispersion. The first risk diversification is realized by investing in multiple funds, and the second risk diversification is realized by investing in multiple enterprises by a single fund. Therefore, the diversification risk of the parent fund has a multiplier effect. Junyao Capital is a professional parent fund manager. The management team will conduct strict screening, in-depth research and professional risk assessment on the parent fund, give full play to the unique advantages of the invested projects, create products with great growth potential, and create diversified asset allocation for investors. At present, Junyao Capital has been laid out in the field of sports. In the future, Junyao Capital will expand its layout and continue to select projects for investors.