一、私募股权投资的内涵私募股权投资(Private Equity,简称PE),是指投资于非上市股权,或者上市公司非公开交易股权的一种投资方式。在交易实施过程中附带考虑了将来的退出机制,即通过上市、并购或管理层回购等方式出售持股获利。广义的私募股权投资涵盖企业首次公开发行前各阶段的权益投资,即对处于种子期、初创期、发展 First, the connotation of private equity investment Private equity (Private Equity, referred to as PE), refers to the investment in non-listed equity, or listed companies a non-public stake in an investment. In the process of implementing the transaction, the exit mechanism is considered in the future, that is, the sale of shareholding profits through listing, mergers and acquisitions or management repurchase. A broad range of private equity investments covering the equity investment in each stage before the initial public offering, that is, in the seed stage, the start-up period, the development