In this sense, private equity investment funds can also be called funds raised from specific targets. Characteristics of private equity investment funds Compared with public equity investment funds, private equity investment funds have the following remarkable characteristics: 1. In terms of fundraising targets, private equity investment funds strictly limit the scope of investors, and limit the scope of investors of private equity investment funds to some large institutional investors and some wealthy individuals with certain investment knowledge and experience. Raising method: Private equity investment funds are not used for public offering of cemetery securities investment funds, but are raised in a non-public way. The definition of non-public mode is carried out through two aspects: the number of investors and the way of issuance. 13. Information disclosure: Private equity investment funds have lower requirements for information disclosure, while public equity investment funds have to disclose information such as investment objectives and investment portfolio, and public equity investment funds have stricter requirements for information disclosure than private equity investment funds. 4. Legal supervision: Private equity investment funds have always been in a gray area, and there is no special law to regulate them and guide their healthy development. At present, the voice of legislation on private equity investment funds is getting higher and higher. Some experts pointed out that relevant laws and regulations are expected to be introduced this year, but the relevant rules of private equity investment funds have been formulated.