What does private equity fund do?

What does private equity fund do? Private equity fund is a broad concept. Private equity fund is a fund that can't issue a public offering announcement. Among them, funds are divided into two categories: private equity funds and Public Offering of Fund. Here is a detailed introduction to what private equity funds do.

What does private equity fund do? 1 The so-called private equity fund refers to a fund set up to raise funds for a few institutional investors in a private way. Because the sale and redemption of private equity funds are conducted through private consultation between fund managers and investors, they are also called funds raised from specific targets.

First, private equity funds raise funds in a private way. In the United States, children's funds and pension funds in Public Offering of Fund generally attract customers by advertising through public media. According to relevant regulations, private equity funds are not allowed to use any media to advertise, and their participants mainly join through so-called "reliable investment information" or direct knowledge of fund managers.

Secondly, in terms of fundraising targets, private equity funds are only targeted at a few specific investors, and the circle is small but not low. For example, in the United States, the * * fund has very strict regulations on participants: if you participate in the name of an individual, your annual income in the last two years will be at least $200,000; If you participate in the name of the family, the family's income in the past two years is at least 300,000 US dollars;

If you participate in the name of an institution, its net assets will be at least $6,543,800+0,000, and the number of participants will be limited accordingly. Therefore, the investment goal of private equity funds is very strong, which is more like an investment service product tailored for middle-class investors.

In China's financial market, the term "private placement fund" is often a collective investment directed at private placement by specific investors, rather than a securities investment fund that is supervised by the competent authorities of our government and publicly issues beneficiary certificates to unspecified investors.

What does a private equity firm do?

In China's financial market, the term "private placement fund" is often a collective investment directed at private placement by specific investors, rather than a securities investment fund that is supervised by the competent authorities of our government and publicly issues beneficiary certificates to unspecified investors. There are basically two methods:

1. Contractual collective investment fund based on signing entrusted investment contract.

2. An enterprise collective investment fund established in the form of a joint-stock company based on * * *.

What conditions do you need to set up a private equity fund company?

1. Investment Fund Management Co., Ltd.: The registered capital (capital contribution) is not less than 30 million yuan, all of which are in cash, and the paid-in capital (capital contribution) is not less than 30 million yuan when it is established; (Note: There are differences in registered capital requirements in different regions. Please consult)

2. The investment amount of a single investor shall not be less than 6,543,800 yuan (except for the general partner in a limited partnership).

Having articles of association that conform to the provisions of the Securities Investment Fund Law of People's Republic of China (PRC) and the Company Law of People's Republic of China (PRC);

3. The number of personnel who have obtained the qualification for fund practice has reached a quorum;

4. Having business premises, safety precautions and other facilities related to the fund management business that meet the requirements;

5. Have a sound internal audit monitoring system and risk control system.

What is the registration and filing process of private equity funds?

1. Private investment funds (hereinafter referred to as private investment funds) refer to investment funds established by raising funds from qualified investors in a non-public way, including companies or partnerships established for investment activities with assets managed by fund managers or general partners.

2. Registration method: online submission of information through electronic system and online review.

3. Registration process:

4. Contents of registration information: Fill in the basic information of fund managers, senior managers and other employees, shareholders or partners, and managing funds.

5. Time limit for registration: If the materials are complete, the fund industry association shall complete the registration procedures of the private fund manager by publishing the basic information of the private fund manager through the website within 20 working days from the date of receiving all the registration materials.

6. Publicity content: basic information such as the name, establishment time, registration time, address, contact information, principal responsible person and basic credit information of the private equity fund manager.

7. Cancellation of registration: If the registered private fund manager is dissolved, revoked or declared bankrupt according to law, the fund industry association shall cancel the registration of the fund manager in time. -Shenzhen Wu Si has been deregistered.

8. Filing time of private equity fund: The manager of private equity fund shall, within 20 working days after the end of private equity fund raising, file through the private equity fund registration and filing system, indicate the fund type according to the main investment direction of private equity fund, and truthfully fill in basic information such as fund name, fund scale, investor, fund contract (articles of association of the fund company or partnership agreement, hereinafter referred to as fund contract).

Where a corporate fund employs a management team to manage the assets of the fund, the corporate fund shall go through the procedures of fund filing and fund manager registration.

9. Time limit for filing of private equity funds: If the filing materials of private equity funds are complete and meet the requirements, the fund industry association shall complete the filing procedures of private equity funds by publicizing the basic information of private equity funds through the website within 20 working days from the date of receiving all the filing materials. The basic information of private equity fund published on the website includes the name of private equity fund, time of establishment, filing time, main investment fields, fund manager and fund custodian.

10. Professionals engaged in private equity fund business should be qualified for private equity fund business and meet one of the following conditions: they have passed the examination organized by the fund industry association, engaged in investment management-related business in the last three years, and other circumstances.

1 1. Information submission: update the information of private investment funds within 5 working days after the end of each month, including scale, unit net value, number of investors, etc.

Update the information of private investment funds within 10 working days after the end of each quarter, including subscription scale, number of investors, main investment direction, etc.

Update the basic information of private fund managers, shareholders or partners, senior managers and other employees, and private funds managed within 20 working days after the end of each year.

Before the end of April each year, fill in the audited financial report through the system.

12. Report within 10 working days after major events occur.

(1) The name and senior management personnel of the private equity fund have changed;

(2) The controlling shareholder, actual controller or executive partner of the private equity fund manager changes;

(3) Division or merger of private fund managers;

(4) The private equity fund manager or senior manager has serious violations of laws and regulations;

(5) Being dissolved, revoked or declared bankrupt according to law;

(six) other major matters that may harm the interests of investors.

13. When a major event occurs during the operation of a private equity fund, the manager shall report it within 5 working days:

(1) The fund contract has undergone major changes;

(two) the number of investors exceeds the provisions of laws and regulations;

(3) fund liquidation or liquidation;

(4) The private fund manager and fund custodian have changed;

(5) Other events that have a significant impact on the continued operation of the fund, the interests of investors and the net asset value.

14, question answer:

(1) Private equity institutions registered in China need to register, and those registered abroad will not be included in the registration for the time being;

(2) Natural persons cannot be registered as private fund managers;

(3) Institutions that have not managed private equity funds can also be registered as private equity fund managers;

(4) The requirement of "silent period" also applies to private equity funds, that is, fund managers who leave Public Offering of Fund Company are not allowed to engage in investment, research, trading and other related businesses of private equity funds within three months.

What does private equity fund do? 2. How long does it take for private financing?

The specific time needs to be determined according to the processing speed, and there is no time limit for processing.

Generally speaking, it may be more effective if you make adequate preparations in advance and have the assistance of professionals such as financing consultants. Equity financing can be roughly divided into two types: public and private. Openness means listing in domestic and foreign capital markets and traditional equity exchanges established by local governments. Non-public equity financing can be collectively called private equity financing, including venture capital and private equity investment. Generally, it is mainly done through direct communication between enterprises and investment institutions, or through investment consultants and investment intermediaries.

Company Law of the People's Republic of China

Article 73 After the equity is transferred in accordance with the provisions of Articles 71 and 72 of this Law, the company shall cancel the capital contribution certificate of the original shareholder, issue the capital contribution certificate to the new shareholder, and change the records of shareholders and their capital contribution in the articles of association and the register of shareholders accordingly. There is no need to vote at the shareholders' meeting to amend the Articles of Association this time.

Second, what is private financing?

Private equity financing refers to equity investment in private enterprises, that is, unlisted enterprises, through private placement. In the process of transaction implementation, the future exit mechanism is considered, that is, through listing, mergers and acquisitions or management buyback, the shares are sold for profit.

Mainly refers to the private equity investment part of mature enterprises that have formed a certain scale and generated stable cash flow, mainly refers to the private equity investment part in the later stage of venture capital, in which M&A funds and mezzanine capital account for the largest part of the capital scale.

What does private equity fund do? 3. What is the minimum amount of private equity fund?

At least the amount of private equity funds is not strictly stipulated by law, but depends on the comprehensive ability level, quality and financial situation of individuals or companies;

According to the company's comprehensive strength, development prospects and the level of company decision makers, the company sets minimum standards for different market segments. Private placement, not through the media (including corporate websites) announcement, posting notices in the community, distributing leaflets to the society, sending mobile phone messages to the public or holding lectures.

Public or disguised publicity methods such as lectures (including placing prospectuses on counters of commercial banks, securities companies and trust and investment companies) are directly or indirectly promoted to unspecified targets.

Second, are private equity funds safe?

Regular private equity institutions will choose custodian institutions to deposit funds to avoid misappropriation of funds. Custody institutions must obtain custody qualifications issued by the state, ordinary banks, brokers, trusts, etc. Can be used as a trustee of private equity funds. But at the same time, we should understand that private equity investment is a high-risk and high-return investment, and private equity companies will not promise their benefits when investing.

3. Is there an upper limit on the size of private equity funds?

Private equity funds are funds raised by private individuals or directly from specific groups. The corresponding Public Offering of Fund is Public Offering of Fund.

(1) Fund transaction costs

Fund transaction expenses refer to the basic expenses incurred in the process of fund transaction, generally including subscription fees, subscription fees, redemption fees, private equity fund transfer custody fees, conversion fees, etc.

(2) Fund operating expenses

Fund operating expenses refer to the expenses incurred in the operation of private equity funds, which are usually deducted from the fund assets, which may reduce the value. Operating expenses include: management fees, custody fees, continuing sales fees, securities trading fees, information disclosure fees, accountant fees related to the fund, attorney fees, etc. , generally in accordance with state regulations.