1, different risk appetite

In the process of investment, PE investment is biased towards profit, valuation and capital demand for larger projects. Concentrated funds to invest in a project or a few projects. Of course, failure will have a greater impact on the overall return.

vc investment focuses on decentralized investment, the state of spreading the net all over the world, the industry span is larger. It may sometimes invest in individual projects that achieve explosive growth on the wind, and the investment approach is relatively aggressive.

2, the scale of different

pe investment in the amount of funds in the range of relatively wide, whether it is a few hundred million, or tens of billions of cases have. And vc investment is generally divided into two categories of dollars and yuan, if the yuan investment, generally in the 3-5 billion or so more; if the dollar investment, from several hundred million or even more than a billion dollars are the case.

3, exit paths are different

pe investment, from the domestic situation, in the exit path mainly through the ipo way. However, from the long-term direction, the exit path may also be mergers and acquisitions.

VC investment, if it is invested in the bias of angel financing, the exit path is a lot of subsequent rounds of financing to realize the exit of the old shares, only a small portion of the stay to the end, and the bias of the late VC is more like PE.

Baidu Encyclopedia-Private Equity

Baidu Encyclopedia-Venture Capital Fund

Baidu Encyclopedia-Private Equity Fund

Baidu Encyclopedia-Venture Capital Fund