Investment banks, PE and VC. Headhunting consultants who work in finance will definitely encounter these three words. The differences between them are as follows:

Investment banks are intermediaries that provide services for enterprises and PEs. and VC services.

PE and VC are investors, not intermediaries. This is the biggest difference from investment banks. Some large investment banks also have their own PE or VC, so PE and VC can also be regarded as investment banking business in a broad sense.

PE generally invests in companies in the mature stage. The profit model has been relatively stable and can be exited quickly. PE does more PRE-IPO business.

VC generally invests in start-up companies. The companies are immature and there is great uncertainty in the future. If you invest in 10 companies, one or two may succeed.