1 thought on “What are the conditions for doing private equity funds”
Ramon
What conditions are required to do private equity funds What are the conditions for private equity funds? Private equity investment funds can help enterprises improve their management capabilities. Private equity funds are a type of fund for specific groups. The characteristics of the other are becoming more and more obvious. What are the conditions for sharing private equity funds What conditions do I need to do private equity funds? 1. What is a private equity fund? The "private equity funds" or "underground underground in the financial market "Fund" often refers to a non -public publicity for securities investment funds that are supervised by the Chinese government authorities and issuing beneficiaries to unspecified investors. Gathering investment. There are basically two ways. One is based on the contract -type collection investment fund that signed a commissioned investment contract. . The characteristics of equity investment in private equity funds include 1. The income of equity investment is very generous. The interest rate income from a few percentage points of investment in credit investment is different. Equity investment obtains the dividend of the company's income at the proportion of capital contributions. Once the investment company is successfully listed, the profit of the private equity investment fund may be several times or dozens of dozens of dozens Note. 2. Equity investment is accompanied by high risk. The equity investment usually needs to go through a few years of investment cycles, and because of investing in enterprises with a development period or growing period, the development of the investment enterprise itself is very risky. Fund may also be lost. 3. Equity investment can provide comprehensive value -added services. Is when private equity investment injects capital into the target enterprise, it also injects advanced management experience and various value -added services, which is also the key factor that attracts enterprises. While meeting the financing needs of enterprises, private equity investment funds can help enterprises improve their management capabilities, expand their procurement or sales channels, integrate the relationship between enterprises and local governments, and coordinate the relationship between enterprises and other enterprises in the industry. The comprehensive value -added services are the highlights and competitiveness of private equity investment funds.
. The establishment conditions of private equity funds 1. The name should meet the "Regulations on Registration of Names", allowing the name of "investment funds" to achieve the name of the scale of investment enterprises. 2. Industrial terms in the name can use the words "venture capital funds, entrepreneurial investment funds, equity investment funds, investment funds" and other words. "Beijing" is divided as the administrative division that allows use between the business name and the industry. 3. Fund type: Investment fund company "registered capital (the amount of capital contribution) is not less than 500 million yuan, all of which are contributed in the form of currency, and the real -capital (actual contributed capital contribution) at the time of establishment is not less than 100 million Yuan; Registered capital within 5 years promised all the commitment to be in place in accordance with the company's articles of association (partnership agreement). " 4. The investment amount of a single investor is not less than 10 million yuan (ordinary partners in limited partnerships are not on this restriction clause. Inside). 5. At least 3 executives have experience or related business experience in the management operation operation operation operation of equity investment funds. 6. The business scope of fund -type enterprises is verified as: investment, investment management, and consultation of non -securities business. (Fund enterprises can apply for other business projects other than the above -mentioned business scope, but shall not engage in the following businesses: (1) issue loans; (2) Public transaction securities investment or financial derivative transactions; (3) raise funds in an open manner; (4) Provide guarantees for companies other than invested companies. 7. Management fund company: Investment fund management "registered capital (amount of contribution) is not low) In 30 million yuan, all of which are contributed for currency forms, and the real -time capital (the actual contribution contributed) at the time of establishment ". Ordinary partners are not within the terms of this restriction). 9. At least 3 executives have experience or related business experience or related business experience. Investment, investment management, and consultation of securities business. What are the conditions for private equity funds? What are the private equity funds? private equity funds (hereinafter referred to as private equity funds) refers to raising from investors in non -public ways Investment funds established by funds. The investment in private equity property includes buying and selling shares, equity, bonds, futures, options, fund shares and other investment targets agreed in investment contracts. n Types of private equity fund: mainly divided into private equity investment funds, private equity investment funds, asset allocation private equity funds. , Fund shares and other assets stipulated by the China Securities Regulatory Commission; The private equity investment funds are mainly invested to the equity of unlisted enterprises, shares of non -public issuance or transactions of listed companies, and other assets stipulated by the China Securities Regulatory Commission; Assets Configure private equity investment funds, mainly uses fund investment methods in the fund, mainly conducts cross -class investment for private equity investment funds and private equity investment funds. N public fundraising funds raised funds from the public investors in a open manner. Therefore, in the process of issuance, they can publicly publicize and sell them through media and other media. Investors can also buy them in banks, brokers or other formal channels.
private equity funds only face non -public issuance of qualified investors, and the laws cannot raise funds by public publicity. Therefore, most of the funds that investors usually come into contact are public funds. The object raised by the public fund is the public, that is, ordinary people can buy, there are no number of people, the threshold is relatively low, generally starting from 1,000 yuan, some 10 yuan, 1 yuan can also be available for 1 yuan, 1 yuan can also be available for 1 yuan, 1 yuan can also be available for 1 yuan, 1 yuan can also be available. Buy. The object of private equity funds is a few specific qualified investors, including institutions and individuals, and investors need to have corresponding risk recognition ability and risk tolerance. Specifically, the personal financial assets are required to be more than 3 million yuan, or there are proof that the income of more than 500,000 yuan in the past three years; and the investment threshold is high, generally starting from 1 million yuan, the larger the scale, the higher the door threshold, and some need even need to be higher. More than 3 million yuan. The information disclosure method is different Prown funds are facing most investors, so the CSRC's requirements for their information disclosure are very strict: there are specified quarterly reports, semi -annual reports, and annual reports, and the investment portfolio of investment and investment portfolios needs to be The net value of the product, the proportion of the position, the dividend of the interests, the dividend of the interests, and the top ten heavy positions are disclosed in detail, so that the information can achieve the effectiveness, clarity and easy acquisition. The information disclosure requirements for private equity funds are relatively low, and generally do not disclose positions. There are no clear requirements for investment targets, investment portfolios, investment projects, net products, when to purchase redemption, specific operations, etc., so the confidentiality is stronger. The management fee collection method is different Prown funds usually do not charge performance remuneration, mainly charging management fees, and the purchase fee and redemption fee generated by the transaction. And because the management scale of public funds is usually relatively large, these management costs charged are relatively low. private equity funds can also charge management fees, purchase fees, redemption fees, etc., but these are not the main sources of income. Private equity funds mainly rely on receiving performance compensation, that is, to extract a certain percentage from the profit part as a commission. In this case, private equity companies must always stand on the position of investors to continue to obtain benefits, and the management ability of fund managers is also a test. In general, compared with public fundraising, there are fewer private equity investment restrictions, and the characteristics of flexible operation have improved a certain threshold for investors and fund managers. High risk tolerance also puts forward higher requirements for fund managers' investment capabilities. Special attention: The conditions and materials required in different regions are not the same. You need to communicate in detail to know which materials you need to prepare. What conditions do you need to do private equity funds 3. How do individuals establish private equity funds? private equity funds are a broad concept. Non -common fund investment institutions can be called private equity funds. Nowadays, sunny private equity in the market is some legal trust speculators. Their fundraising methods are mostly large high -end customers they are familiar with. There are also some forms of agency commissioned between relatives and friends, and this form must bear certain moral risks. So you have to have a certain network of resource resources to set up private equity funds 1. In a certain investment field (such as stocks, futures, foreign exchange, gold, etc.), it has a very rich experience. It is best to stabilize for a long time. Land profit. 2. Formulate instructions containing funds for fundraising, investment, sharing, risk control and other instructions. 3. There is a group of rich people who support you, they provide you with the size of the scale you want. 4. There is a research team that closely track changes in the market and formulate plans. 5. There is a precise and strict system that allows your plans to implement it. 6. Because private equity is in a gray area, it should be able to resolve some unexpected troubles. started from an early age, doing force, low -key and rigorous. . The organizational form of private equity funds 1. Company -style The company -style private equity fund has a complete corporate structure, and the operation is more formal and standardized. At present, corporate private equity funds (such as "a certain investment company") can be established in China. Semi -open private equity funds can also operate more conveniently in some kind of change. There is no need to accept strict approval and supervision, and the investment strategy can be more flexible. For example: (1) Establishing a "investment company", the business scope of the "investment company" includes the investment of securities; (2) the number of shareholders of "investment company" do not have to To be relatively large, to ensure the nature of private equity, but also a large scale of funds; (3) "Investment Company" of the "investment company" is handed over to the fund manager management. According to international practice, the manager collects fund management fees and benefits The incentive fee and enter the operating cost of "investment company"; (4) The registered capital of "Investment Company" is registered once a year at a specific time, and the capital increase is increased in name If you need it, the investor can be redeemed once a year at a specific point of time. In other times, investors can transfer equity agreements or go to the counter trading. The "investment company" is essentially a corporate private equity fund that is expanded at any time, but only redeem once a year. , there is a disadvantage of corporate private equity funds, that is, double taxation. The methods to overcome the shortcomings are: (1) Register private equity funds in the paradise of tax avoidance, such as Cayman and Bermuda; (2) Register the company's private equity funds as high -tech enterprises (enjoyable enjoyment Many discounts) and registered in places where taxes are relatively favorable; (3) By borrowing, that is, in the establishment of the fund to jointly or acquire an enterprise that can enjoy tax discounts (preferably non -listed companies) and take it to it As a carrier.
2. Contract The organizational structure of the contract fund is relatively simple. The specific approach can be: (1) As the manager of the fund, the securities company selects a bank as its custodian; (2) The amount of amount of amount of amount of amount is raised to start operation, and it is open once a month. , Announce a net worth of the fund to the fund holder, and handle a fund redemption; (3) In order to attract fund investors, the fee should be reduced. management fee. Its advantage is that it can avoid dual taxation. The disadvantage is that it is difficult to avoid the approval and supervision of the securities management department. 3. Virtual The surface of virtual private equity funds looks like commissioned financial management, but it actually operates according to the fund. For example, when the virtual private equity fund is established and expanded, it is apparently signed a commission financial agreement with each customer, but these entrusted financial accounts are jointly operated by the fund. Clear according to the net value of the fund. The specific approach can be: (1) Each fund holder opens a score account in its personal name; (2) Fund holder jointly invested to form a main account; (3) As the manager of the fund, the securities company uniformly manage the accounts, and the net value of all accounts is calculated uniformly; (4) The actual market value of each account is calculated according to the actual market value of each account and calculated based on the net value of the fund unit. The market value is equal. If the two are not equal, the capital difference between the main account and the sub -account is balanced when the redemption is redeemed. The advantages of virtual types are that the securities management department can avoid the approval and supervision of fund establishment and operation, set flexibility, and avoid double taxation. The disadvantage is that they still have not got rid of the restraint of entrusted financial management. In terms of fundraising, they need to be further standardized. In terms of funds, they are still supervised by securities management departments in the operation of funds. 4. Combination type In order to give play to the superiority of the above three organizations, a fund combination can be set up to combine several forms of organization. There are 4 types of combination funds: (1) Companies and virtual combinations; (2) Companies and contract -type combinations; (3) contract type and virtual type Combination; (4) Companies, contractual and virtual combinations. . The development of China's private equity fund development private equity fund is an important participant in the capital market. According to its connotation, it can generally be divided into hedge funds, private equity funds and entrepreneurial investment funds (can also be called risk risk Investment funds) three types. Chinese private equity funds usually refer to institutional investors who are engaged in the securities market and are formed by non -public fund -raising.
What conditions are required to do private equity funds
What are the conditions for private equity funds? Private equity investment funds can help enterprises improve their management capabilities. Private equity funds are a type of fund for specific groups. The characteristics of the other are becoming more and more obvious. What are the conditions for sharing private equity funds
What conditions do I need to do private equity funds? 1. What is a private equity fund?
The "private equity funds" or "underground underground in the financial market "Fund" often refers to a non -public publicity for securities investment funds that are supervised by the Chinese government authorities and issuing beneficiaries to unspecified investors. Gathering investment. There are basically two ways. One is based on the contract -type collection investment fund that signed a commissioned investment contract.
. The characteristics of equity investment in private equity funds include
1. The income of equity investment is very generous.
The interest rate income from a few percentage points of investment in credit investment is different. Equity investment obtains the dividend of the company's income at the proportion of capital contributions. Once the investment company is successfully listed, the profit of the private equity investment fund may be several times or dozens of dozens of dozens Note.
2. Equity investment is accompanied by high risk.
The equity investment usually needs to go through a few years of investment cycles, and because of investing in enterprises with a development period or growing period, the development of the investment enterprise itself is very risky. Fund may also be lost.
3. Equity investment can provide comprehensive value -added services.
Is when private equity investment injects capital into the target enterprise, it also injects advanced management experience and various value -added services, which is also the key factor that attracts enterprises. While meeting the financing needs of enterprises, private equity investment funds can help enterprises improve their management capabilities, expand their procurement or sales channels, integrate the relationship between enterprises and local governments, and coordinate the relationship between enterprises and other enterprises in the industry. The comprehensive value -added services are the highlights and competitiveness of private equity investment funds.
. The establishment conditions of private equity funds
1. The name should meet the "Regulations on Registration of Names", allowing the name of "investment funds" to achieve the name of the scale of investment enterprises.
2. Industrial terms in the name can use the words "venture capital funds, entrepreneurial investment funds, equity investment funds, investment funds" and other words. "Beijing" is divided as the administrative division that allows use between the business name and the industry.
3. Fund type: Investment fund company "registered capital (the amount of capital contribution) is not less than 500 million yuan, all of which are contributed in the form of currency, and the real -capital (actual contributed capital contribution) at the time of establishment is not less than 100 million Yuan; Registered capital within 5 years promised all the commitment to be in place in accordance with the company's articles of association (partnership agreement). "
4. The investment amount of a single investor is not less than 10 million yuan (ordinary partners in limited partnerships are not on this restriction clause. Inside).
5. At least 3 executives have experience or related business experience in the management operation operation operation operation of equity investment funds.
6. The business scope of fund -type enterprises is verified as: investment, investment management, and consultation of non -securities business. (Fund enterprises can apply for other business projects other than the above -mentioned business scope, but shall not engage in the following businesses:
(1) issue loans;
(2) Public transaction securities investment or financial derivative transactions;
(3) raise funds in an open manner; (4) Provide guarantees for companies other than invested companies.
7. Management fund company: Investment fund management "registered capital (amount of contribution) is not low) In 30 million yuan, all of which are contributed for currency forms, and the real -time capital (the actual contribution contributed) at the time of establishment ". Ordinary partners are not within the terms of this restriction).
9. At least 3 executives have experience or related business experience or related business experience. Investment, investment management, and consultation of securities business.
What are the conditions for private equity funds? What are the private equity funds?
private equity funds (hereinafter referred to as private equity funds) refers to raising from investors in non -public ways Investment funds established by funds.
The investment in private equity property includes buying and selling shares, equity, bonds, futures, options, fund shares and other investment targets agreed in investment contracts. n Types of private equity fund: mainly divided into private equity investment funds, private equity investment funds, asset allocation private equity funds. , Fund shares and other assets stipulated by the China Securities Regulatory Commission;
The private equity investment funds are mainly invested to the equity of unlisted enterprises, shares of non -public issuance or transactions of listed companies, and other assets stipulated by the China Securities Regulatory Commission;
Assets Configure private equity investment funds, mainly uses fund investment methods in the fund, mainly conducts cross -class investment for private equity investment funds and private equity investment funds. N public fundraising funds raised funds from the public investors in a open manner. Therefore, in the process of issuance, they can publicly publicize and sell them through media and other media. Investors can also buy them in banks, brokers or other formal channels.
private equity funds only face non -public issuance of qualified investors, and the laws cannot raise funds by public publicity. Therefore, most of the funds that investors usually come into contact are public funds.
The object raised by the public fund is the public, that is, ordinary people can buy, there are no number of people, the threshold is relatively low, generally starting from 1,000 yuan, some 10 yuan, 1 yuan can also be available for 1 yuan, 1 yuan can also be available for 1 yuan, 1 yuan can also be available for 1 yuan, 1 yuan can also be available. Buy.
The object of private equity funds is a few specific qualified investors, including institutions and individuals, and investors need to have corresponding risk recognition ability and risk tolerance. Specifically, the personal financial assets are required to be more than 3 million yuan, or there are proof that the income of more than 500,000 yuan in the past three years; and the investment threshold is high, generally starting from 1 million yuan, the larger the scale, the higher the door threshold, and some need even need to be higher. More than 3 million yuan.
The information disclosure method is different
Prown funds are facing most investors, so the CSRC's requirements for their information disclosure are very strict: there are specified quarterly reports, semi -annual reports, and annual reports, and the investment portfolio of investment and investment portfolios needs to be The net value of the product, the proportion of the position, the dividend of the interests, the dividend of the interests, and the top ten heavy positions are disclosed in detail, so that the information can achieve the effectiveness, clarity and easy acquisition.
The information disclosure requirements for private equity funds are relatively low, and generally do not disclose positions. There are no clear requirements for investment targets, investment portfolios, investment projects, net products, when to purchase redemption, specific operations, etc., so the confidentiality is stronger.
The management fee collection method is different
Prown funds usually do not charge performance remuneration, mainly charging management fees, and the purchase fee and redemption fee generated by the transaction. And because the management scale of public funds is usually relatively large, these management costs charged are relatively low.
private equity funds can also charge management fees, purchase fees, redemption fees, etc., but these are not the main sources of income. Private equity funds mainly rely on receiving performance compensation, that is, to extract a certain percentage from the profit part as a commission. In this case, private equity companies must always stand on the position of investors to continue to obtain benefits, and the management ability of fund managers is also a test.
In general, compared with public fundraising, there are fewer private equity investment restrictions, and the characteristics of flexible operation have improved a certain threshold for investors and fund managers. High risk tolerance also puts forward higher requirements for fund managers' investment capabilities.
Special attention: The conditions and materials required in different regions are not the same. You need to communicate in detail to know which materials you need to prepare.
What conditions do you need to do private equity funds 3. How do individuals establish private equity funds?
private equity funds are a broad concept. Non -common fund investment institutions can be called private equity funds. Nowadays, sunny private equity in the market is some legal trust speculators. Their fundraising methods are mostly large high -end customers they are familiar with. There are also some forms of agency commissioned between relatives and friends, and this form must bear certain moral risks.
So you have to have a certain network of resource resources to set up private equity funds
1. In a certain investment field (such as stocks, futures, foreign exchange, gold, etc.), it has a very rich experience. It is best to stabilize for a long time. Land profit.
2. Formulate instructions containing funds for fundraising, investment, sharing, risk control and other instructions.
3. There is a group of rich people who support you, they provide you with the size of the scale you want.
4. There is a research team that closely track changes in the market and formulate plans.
5. There is a precise and strict system that allows your plans to implement it.
6. Because private equity is in a gray area, it should be able to resolve some unexpected troubles.
started from an early age, doing force, low -key and rigorous.
. The organizational form of private equity funds
1. Company -style
The company -style private equity fund has a complete corporate structure, and the operation is more formal and standardized. At present, corporate private equity funds (such as "a certain investment company") can be established in China. Semi -open private equity funds can also operate more conveniently in some kind of change. There is no need to accept strict approval and supervision, and the investment strategy can be more flexible. For example:
(1) Establishing a "investment company", the business scope of the "investment company" includes the investment of securities;
(2) the number of shareholders of "investment company" do not have to To be relatively large, to ensure the nature of private equity, but also a large scale of funds;
(3) "Investment Company" of the "investment company" is handed over to the fund manager management. According to international practice, the manager collects fund management fees and benefits The incentive fee and enter the operating cost of "investment company";
(4) The registered capital of "Investment Company" is registered once a year at a specific time, and the capital increase is increased in name If you need it, the investor can be redeemed once a year at a specific point of time. In other times, investors can transfer equity agreements or go to the counter trading. The "investment company" is essentially a corporate private equity fund that is expanded at any time, but only redeem once a year.
, there is a disadvantage of corporate private equity funds, that is, double taxation. The methods to overcome the shortcomings are:
(1) Register private equity funds in the paradise of tax avoidance, such as Cayman and Bermuda;
(2) Register the company's private equity funds as high -tech enterprises (enjoyable enjoyment Many discounts) and registered in places where taxes are relatively favorable;
(3) By borrowing, that is, in the establishment of the fund to jointly or acquire an enterprise that can enjoy tax discounts (preferably non -listed companies) and take it to it As a carrier.
2. Contract
The organizational structure of the contract fund is relatively simple. The specific approach can be:
(1) As the manager of the fund, the securities company selects a bank as its custodian;
(2) The amount of amount of amount of amount of amount is raised to start operation, and it is open once a month. , Announce a net worth of the fund to the fund holder, and handle a fund redemption;
(3) In order to attract fund investors, the fee should be reduced. management fee. Its advantage is that it can avoid dual taxation. The disadvantage is that it is difficult to avoid the approval and supervision of the securities management department.
3. Virtual
The surface of virtual private equity funds looks like commissioned financial management, but it actually operates according to the fund. For example, when the virtual private equity fund is established and expanded, it is apparently signed a commission financial agreement with each customer, but these entrusted financial accounts are jointly operated by the fund. Clear according to the net value of the fund. The specific approach can be:
(1) Each fund holder opens a score account in its personal name;
(2) Fund holder jointly invested to form a main account;
(3) As the manager of the fund, the securities company uniformly manage the accounts, and the net value of all accounts is calculated uniformly;
(4) The actual market value of each account is calculated according to the actual market value of each account and calculated based on the net value of the fund unit. The market value is equal. If the two are not equal, the capital difference between the main account and the sub -account is balanced when the redemption is redeemed.
The advantages of virtual types are that the securities management department can avoid the approval and supervision of fund establishment and operation, set flexibility, and avoid double taxation. The disadvantage is that they still have not got rid of the restraint of entrusted financial management. In terms of fundraising, they need to be further standardized. In terms of funds, they are still supervised by securities management departments in the operation of funds.
4. Combination type
In order to give play to the superiority of the above three organizations, a fund combination can be set up to combine several forms of organization. There are 4 types of combination funds:
(1) Companies and virtual combinations;
(2) Companies and contract -type combinations;
(3) contract type and virtual type Combination;
(4) Companies, contractual and virtual combinations.
. The development of China's private equity fund development
private equity fund is an important participant in the capital market. According to its connotation, it can generally be divided into hedge funds, private equity funds and entrepreneurial investment funds (can also be called risk risk Investment funds) three types. Chinese private equity funds usually refer to institutional investors who are engaged in the securities market and are formed by non -public fund -raising.