什么是 GP，LP，PE，VC，FOF 什么是 GP，LP，PE，VC，FOF
\u4ec0\u4e48\u662f GP\uff0cLP\uff0cPE\uff0cVC\uff0cFOFLP\u662f\u6307\u6709\u9650\u5408\u4f19\u4eba\uff0c\u662f\u6307\u4e00\u4e9b\u51fa\u94b1\u505a\u6295\u8d44\u7684\u4eba\uff0c\u4e5f\u5c31\u662f\u51fa\u8d44\u4eba\uff01GP\u6307\u7684\u662f\u666e\u901a\u5408\u4f19\u4eba\uff0c\u4e00\u822c\u662f\u7ed9\u6295\u8d44\u8005\u7ba1\u7406\u94b1\u7684\u3002
\u666e\u901a\u5408\u4f19\u4eba\uff08General Partner\uff0c GP\uff09
\u5927\u591a\u6570\u65f6\u5019\uff0cGP\uff0c LP\u662f\u540c\u65f6\u5b58\u5728\u7684\u3002\u800c\u4e14\u4ed6\u4eec\u4e3b\u8981\u5b58\u5728\u5728\u4e00\u4e9b\u9700\u8981\u5927\u989d\u5ea6\u8d44\u91d1\u6295\u8d44\u7684\u516c\u53f8\u91cc\uff0c\u6bd4\u5982\u79c1\u52df\u57fa\u91d1\uff08PE\uff0cPrivate Equity\uff09\uff0c\u5bf9\u51b2\u57fa\u91d1\uff08Hedge Fund\uff09\uff0c\u98ce\u9669\u6295\u8d44\uff08Venture Capital\uff09\u3002
\u53ef\u4ee5\u7b80\u5355\u7684\u7406\u89e3\u4e3aGP\u5c31\u662f\u516c\u53f8\u5185\u90e8\u4eba\u5458\u3002\u8bdd\u53e5\u8bdd\u8bf4\uff0cGP\u662f\u90a3\u4e9b\u8fdb\u884c\u6295\u8d44\u51b3\u7b56\u4ee5\u53ca\u516c\u53f8\u5185\u90e8\u7ba1\u7406\u7684\u4eba\u3002\u4e3e\u4e2a\u4f8b\u5b50\uff1a\u73b0\u5728\u6295\u8d44\u516c\u53f8A\u5171\u6709GP1\uff0c GP2\uff0c GP3\uff0c GP4\u56db\u4e2a\u666e\u901a\u5408\u4f19\u4eba\uff0c\u4ed6\u4eec\u5171\u540c\u62e5\u6709\u6295\u8d44\u516c\u53f8A\u7684100%\u80a1\u4efd\u3002\u56e0\u6b64\u6295\u8d44\u516c\u53f8A\u6574\u4f53\u7684\u76c8\u5229\uff0c\u5206\u7ea2\u4e8f\u635f\u7b49\u90fd\u548c\u4ed6\u4eec\u76f4\u63a5\u76f8\u5173\u3002
\u518d\u4e3e\u4e00\u4e2a\u7b80\u5355\u7684\u4f8b\u5b50\uff0c\u5728\u521b\u65b0\u5de5\u573a\u91cc\u9762\uff0c\u674e\u5f00\u590d\u5219\u662f\u4e00\u4e2a\u7ecf\u5178\u7684\u666e\u901a\u5408\u4f19\u4eba\uff08GP\uff09\u3002
\u6709\u9650\u5408\u4f19\u4eba\uff08Limited Partner\uff0c LP\uff09
\u6211\u4eec\u53ef\u4ee5\u7b80\u5355\u7684\u7406\u89e3\u4e3a\u51fa\u8d44\u4eba\u3002\u5f88\u591a\u65f6\u5019\uff0c\u4e00\u4e2a\u9879\u76ee\u9700\u8981\u6295\u8d44\u4e0a\u5343\u4e07\u4e43\u81f3\u6570\u4e2a\u4ebf\u7684\u8d44\u91d1\u3002\uff08\u5927\u591a\u6570\u6295\u8d44\u516c\u53f8\uff0c\u65d7\u4e0b\u90fd\u4f1a\u6709\u5f88\u591a\u4e2a\u4e0d\u540c\u7684\u9879\u76ee\uff09\u800c\u6295\u8d44\u516c\u53f8\u7684GP\u4eec\u5e76\u6ca1\u6709\u5982\u6b64\u591a\u7684\u91d1\u94b1\u6216\u8005\u4ed6\u4eec\u4e3a\u4e86\u5206\u644a\u98ce\u9669\uff0c\u56e0\u6b64\u4e0d\u613f\u610f\u5c06\u90a3\u4e48\u591a\u7684\u516c\u53f8\u8d44\u91d1\u6295\u8d44\u5728\u4e00\u4e2a\u9879\u76ee\u4e0a\u9762\u3002\u800c\u8fd9\u4e2a\u4e16\u754c\u4e0a\u603b\u6709\u4e9b\u4eba\uff0c\u4ed6\u4eec\u6709\u5f88\u591a\u5f88\u591a\u7684\u73b0\u91d1\uff0c\u5374\u6ca1\u6709\u597d\u7684\u6295\u8d44\u65b9\u6cd5\u3002\u800c\u653e\u5728\u94f6\u884c\u5403\u5229\u606f\u5728\u91d1\u878d\u754c\u53ef\u662f\u4e2a\u7eaf\u7cb9\u7684\u4e8f\u94b1\u884c\u4e3a\u3002\u4e8e\u662f\u4e4e\uff0cLP\u5c31\u6b64\u8bde\u751f\u4e86\u3002LP\u4f1a\u5728\u7ecf\u8fc7\u4e00\u8fde\u4e32\u624b\u7eed\u4ee5\u540e\uff0c\u628a\u81ea\u5df1\u7684\u94b1\u4ea4\u7531GP\u53bb\u6253\u7406\uff0c\u800cGP\u4eec\u5219\u4f1a\u5c06LP\u7684\u94b1\u62ff\u53bb\u6295\u8d44\u9879\u76ee\uff0c\u4ece\u4e2d\u83b7\u53d6\u5229\u6da6\uff0c\u53cc\u65b9\u518d\u5bf9\u8fd9\u4e2a\u5229\u6da6\u8fdb\u884c\u5206\u6210\u3002\u8fd9\u662f\u73b0\u5b9e\u751f\u6d3b\u4e2d\u7ecf\u5178\u7684\u201c\u4f60\uff08LP\uff09\u51fa\u94b1\uff0c\u6211\uff08GP\uff09\u51fa\u529b\u201d\u7684\u60c5\u51b5\u3002
\u3000VC\u548c PE
\u3000\u3000\u8fd9\u91cc\u8fd8\u4f1a\u63d0\u5230Angel Investor\u4ee5\u53caInvestment Banking\uff0c\u56e0\u4e3a\u4ed6\u4eec\u6b63\u597d\u8868\u793a\u4e86\u6295\u8d44\u8005\u7684\u56db\u79cd\u9636\u6bb5\u3002
\u3000\u3000\u5728\u89e3\u91ca\u8fd9\u56db\u4e2a\u540d\u8bcd\u4e4b\u524d\uff0c\u6211\u4eec\u53ef\u4ee5\u5148\u5c06\u4ed6\u4eec\u6309\u7167\u6295\u8d44\u989d\u5ea6\u4ece\u5c0f\u5230\u5927\u6392\u5e8f\uff1b\u5929\u4f7f\u6295\u8d44\uff08Angel\uff09\uff0c\u98ce\u9669\u6295\u8d44\uff08Venture Capital\uff0c VC\uff09\uff0c\u79c1\u52df\u57fa\u91d1\uff08Private Equity\uff0c PE\uff09\u4ee5\u53ca\u6295\u8d44\u94f6\u884c\uff08Investment Banking\uff0c IB\uff09\u3002
\u3000\u3000\uff08\u4e8b\u5b9e\u4e0a\uff0c\u8d44\u91d1\u989d\u5ea6\u53ea\u662f\u4e00\u4e2a\u5927\u6982\u7684\u5747\u503c\uff0c\u4e0d\u662f\u4e00\u4e2a\u7edd\u5bf9\u503c\uff0c\u5207\u52ff\u4ee5\u5355\u7eaf\u7684\u4ee5\u6295\u8d44\u989d\u5ea6\u53bb\u5224\u5b9a\u4e00\u5bb6\u516c\u53f8\u662f\u4ec0\u4e48\u5929\u4f7f\u8fd8\u662f\u98ce\u6295\u6216\u8005\u5176\u4ed6\u3002\uff09
\u3000\u3000\u5929\u4f7f\u6295\u8d44\uff08Angel Investment\uff09
\u3000\u3000\u5927\u591a\u6570\u65f6\u5019\uff0c\u5929\u4f7f\u6295\u8d44\u9009\u62e9\u7684\u4f01\u4e1a\u90fd\u4f1a\u662f\u4e00\u4e9b\u975e\u5e38\u975e\u5e38\u65e9\u671f\u7684\u4f01\u4e1a\uff0c\u4ed6\u4eec\u751a\u81f3\u6ca1\u6709\u4e00\u4e2a\u5b8c\u6574\u7684\u4ea7\u54c1\uff0c\u6216\u8005\u4ec5\u4ec5\u53ea\u6709\u4e00\u4e2a\u6982\u5ff5\u3002\uff08\u6253\u4e2a\u6bd4\u65b9\uff0c\u4e00\u4e2a\u4eba\u7684\u6bd5\u4e1a\u8bbe\u8ba1\u4f5c\u54c1\u662f\u4e00\u6b3e\u8ba9\u4eba\u4fdd\u6301\u6e05\u9192\u7684\u773c\u955c\uff0c\u505a\u5de5\u975e\u5e38\u7c97\u7cd9\uff0c\u5b8c\u5168\u4e0d\u80fd\u8fdb\u5165\u5e02\u573a\u9500\u552e\u3002\u4f46\u4ed6\u51ed\u501f\u8fd9\u4e2a\u6982\u5ff5\u4ee5\u53ca\u8fd9\u4e2a\u539f\u578b\u54c1\u5728\u7f8e\u56fd\u83b7\u5f97\u4e86\u5929\u4f7f\u6295\u8d44\uff0c\u5e76\u4e14\u76ee\u524d\u6b63\u5728\u8be5\u5929\u4f7f\u6295\u8d44\u7684\u6df1\u5733\u67d0\u5b75\u5316\u5668\u5de5\u4f5c\u5ba4\u8fdb\u884c\u5f00\u53d1\u7814\u7a76\u3002\uff09
\u3000\u3000\u800c\u5929\u4f7f\u6295\u8d44\u7684\u6295\u8d44\u989d\u5ea6\u5f80\u5f80\u4e5f\u4e0d\u4f1a\u5f88\u5927\uff0c\u4e00\u822c\u90fd\u662f\u57285-100\u4e07\u8fd9\u4e2a\u8303\u56f4\u4e4b\u5185\uff0c\u6362\u53d6\u7684\u80a1\u4efd\u5219\u662f\u4ece10%-30%\u4e0d\u7b49\u3002\u5355\u7eaf\u4ece\u6570\u5b57\u4e0a\u800c\u8a00\uff0c\u7f8e\u56fd\u548c\u4e2d\u56fd\u6295\u8d44\u989d\u5ea6\u57fa\u672c\u63a5\u8fd1\u3002\u5927\u591a\u6570\u65f6\u5019\uff0c\u8fd9\u4e9b\u4f01\u4e1a\u90fd\u9700\u8981\u81f3\u5c115\u5e74\u4ee5\u4e0a\u7684\u65f6\u95f4\u624d\u6709\u53ef\u80fd\u4e0a\u5e02\u3002
\u3000\u3000\u6b64\u5916\uff0c\u90e8\u5206\u5929\u4f7f\u6295\u8d44\u4f1a\u7ed9\u4f01\u4e1a\u63d0\u4f9b\u4e00\u4e9b\u6307\u5bfc\u548c\u5e2e\u52a9\uff0c\u751a\u81f3\u4f1a\u7ed9\u4e88\u4e00\u5b9a\u4eba\u8109\u4e0a\u7684\u652f\u6301\u3002
\u3000\u3000\u4e3e\u4e2a\u4f8b\u5b50\uff0c\u521b\u65b0\u5de5\u573a\u4e00\u5f00\u59cb\u5c31\u5728\u505a\u5929\u4f7f\u6295\u8d44\u7684\u4e8b\u60c5\u3002
\u3000\u3000\u98ce\u9669\u6295\u8d44\uff08Venture Capital\uff0c VC\uff09
\u3000\u3000\u4e00\u822c\u800c\u8a00\uff0c\u5f53\u4f01\u4e1a\u53d1\u5c55\u5230\u4e00\u5b9a\u9636\u6bb5\u3002\u6bd4\u5982\u8bf4\u5df2\u7ecf\u6709\u4e2a\u76f8\u5bf9\u8f83\u4e3a\u6210\u719f\u7684\u4ea7\u54c1\uff0c\u6216\u8005\u662f\u5df2\u7ecf\u5f00\u59cb\u9500\u552e\u7684\u65f6\u5019\uff0c\u5929\u4f7f\u6295\u8d44\u90a3100\u4e07\u7684\u8d44\u91d1\u5bf9\u4e8e\u4ed6\u4eec\u6765\u8bf4\u5df2\u7ecf\u72b9\u5982\u6bdb\u6bdb\u96e8\u4e00\u822c\uff0c\u65e0\u8db3\u8f7b\u91cd\u4e86\u3002\u56e0\u6b64\uff0c\u98ce\u9669\u6295\u8d44\u6210\u4e86\u4ed6\u4eec\u6700\u4f73\u7684\u9009\u62e9\u3002\u4e00\u822c\u800c\u8a00\uff0c\u98ce\u9669\u6295\u8d44\u7684\u6295\u8d44\u989d\u5ea6\u90fd\u4f1a\u5728200\u4e07-1000\u4e07\u4e4b\u5185\u3002\u5c11\u6570\u91cd\u78c5\u6295\u8d44\u4f1a\u8fbe\u5230\u51e0\u5343\u4e07\u3002\u4f46\u5e73\u5747\u800c\u8a00\uff0c200\u4e07-1000\u4e07\u662f\u4e2a\u5408\u7406\u7684\u6570\u5b57\uff0c\u6362\u53d6\u80a1\u4efd\u4e00\u822c\u5219\u662f\u4ece10%~20%\u4e4b\u95f4\u3002\u80fd\u83b7\u5f97\u98ce\u9669\u6295\u8d44\u9752\u7750\u7684\u4f01\u4e1a\u4e00\u822c\u90fd\u4f1a\u57283-5\u5e74\u5185\u6709\u8f83\u5927\u5e0c\u671b\u4e0a\u5e02\u3002
\u3000\u79c1\u52df\u57fa\u91d1\uff08Private Equity\uff0c PE\uff09
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\u3000\u3000\u53bb\u5e74\u6ce8\u8d44\u963f\u91cc\u5df4\u5df4\u96c6\u56e216\u4ebf\u7f8e\u91d1\u7684\u94f6\u6e56\u8d44\u672c\uff08Silver Lake\uff09\u548c\u66fe\u7ecf\u6295\u8d44\u8fc7\u7684Digital Sky Technology\u5219\u662f\u79c1\u52df\uff08\u5c24\u5176\u505a\u79d1\u6280\u7c7b\u7684\uff09\u7fd8\u695a\u516c\u53f8\u3002\u800c\u8fd916\u4ebf\u7684\u8d44\u91d1\u4e5f\u662f\u5386\u53f2\u4e0a\u6392\u540d\u524d\u51e0\u7684\u4e00\u6b21\u6ce8\u8d44\u4e86\u3002
\u3000\u3000\u6295\u8d44\u94f6\u884c\uff08Investment Banking\uff09
\u3000\u3000\u4ed6\u6709\u4e00\u4e2a\u6211\u4eec\u5e38\u8bf4\u7684\u540d\u5b57\uff1a\u6295\u884c\u3002\u4e00\u822c\u6295\u884c\u8d1f\u8d23\u7684\u90fd\u662f\u5e2e\u52a9\u4f01\u4e1a\u4e0a\u5e02\uff0c\u4ece\u4e0a\u5e02\u878d\u8d44\u540e\u83b7\u5f97\u7684\u91d1\u94b1\u4e2d\u6536\u53d6\u624b\u7eed\u8d39\u3002\uff08\u5e38\u89c1\u7684\u662f8%\uff0c\u4f46\u4e0d\u662f\u56fa\u5b9a\u4ef7\u683c\uff09\u4e00\u822c\u88ab\u6295\u884c\u9009\u5b9a\u7684\u4f01\u4e1a\uff0c\u53ea\u8981\u4e0d\u53d1\u751f\u4ec0\u4e48\u610f\u5916\uff0c\u90fd\u662f\u53ef\u4ee5\u5728\u672a\u6765\u4e00\u5e74\u5185\u8fdb\u884c\u4e0a\u5e02\u7684\u3002\u6709\u4e9b\u65f6\u5019\u6295\u884c\u6216\u8bb8\u4f1a\u6295\u5165\u4e00\u7b14\u8d44\u91d1\u8fdb\u53bb\uff0c\u4f46\u5927\u591a\u6570\u65f6\u5019\u4e3b\u8981\u8fd8\u662f\u4ee5\u4e0a\u5e02\u4e1a\u52a1\u4f5c\u4e3a\u57fa\u7840\u3002
\u3000\u3000\u9ad8\u76db\uff0c\u6469\u6839\u65af\u5766\u5229\u4ee5\u53ca\u8fc7\u53bb\u7684\u7f8e\u6797\u7b49\u7b49\u90fd\u5c5e\u4e8e\u77e5\u540d\u7684\u6295\u884c\u3002\u6b64\u5916\u5f88\u591a\u77e5\u540d\u7684\u94f6\u884c\u8bf8\u5982\u82b1\u65d7\u94f6\u884c\uff0c\u6469\u6839\u5927\u901a\u7b49\u65d7\u4e0b\u90fd\u6709\u7740\u76f8\u5f53\u51fa\u8272\u7684\u6295\u884c\u4e1a\u52a1\u3002
\u3000\u3000\u6bcd\u57fa\u91d1 \uff08Fund of Fund\uff0c FoF\uff09
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普通合伙人（General Partner， GP）可以简单的理解为GP就是公司内部人员。有限合伙人（Limited Partner， LP）可以简单的理解为出资人。风险投资（Venture Capital， VC），私募基金（Private Equity， PE）母基金 （Fund of Fund， FoF） 即基金中的基金。FoF和一般基金有一个本质上的区别——那就是他们投资目标的性质是不一样的。一富财经解答。
