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PE是私募股权投资基金的英文缩写,在中国国内目前多数把其定义为:向特定人募集资金或者向少于200人的不特定人募集资金,主要投资于非上市企业股权,并参与所投资企业的管理,使所投资企业成长、壮大,最终通过上市、并购、股权置换等方式退出的基金。从这个定义也能看出,我国当前PE依然是以创业投资(亦即风险投资,简称VC)为主流业务类型。但在国际范围内看,PE的类型种类早已五花八门,PE的始祖创业投资基金(以红杉资本为代表)早已不再像20世纪70、80年代那样占据主流地位,而是以KKR为代表的并购基金取得了主流地位。
PE is the acronym for Private Equity Investment Fund, most of which is currently defined in China as: raising funds to specific people or raising funds to less than 200 non-specific individuals, mainly investing in the shares of non-listed companies and participating in the investments The management of an enterprise enables the invested enterprises to grow and grow, and ultimately withdraw funds through listing, mergers and acquisitions, stock substitutions and the like. Can also be seen from this definition, the current PE is still based on venture capital (ie venture capital, referred to as VC) as the mainstream business type. However, in the international perspective, the type of PE has long been varied, and PE’s ancestor venture capital fund (represented by Sequoia Capital) no longer occupies the mainstream status as the K 70s and 80s in the 20th century Mergers and acquisitions made the mainstream status.