金融机构投资私募股权"基金的基金"——基于案例的研究

基金的基金（FOF）是私募股权投资市场的重要组成部分，也是发展的主流趋势。FOF在分散风险、投资顶级基金、接近目标市场等方面具有优势。文章通过对国内外金融机构投资FOF案例的研究，分析了FOF与其他私募股权投资形式充分整合的必要性，认为金融机构应当结合自身优势与特点构建包含FOF在内的私募股权投资体系，并就投资与监管提出了相应的政策建议。

Investment of Financial Institutions in Private Equity Funds of Funds——Based on Case Study

Funds of funds(FOF) are one of the most important components of private equity market,which has become the mainstream in recent years.Private equity funds of funds function effectively in risk sharing and reduction,investing in top quartile direct funds and accessing target markets.By case study,It is pointed out that funds of funds must be integrated with other private equity investing approaches according to advantages and disadvantages of financial institutions and other factors.Policy advices are also r...