Trust private equity investment fund can also be understood as private equity trust investment, which means that the trust company invests the funds obtained under the trust plan in equity.

Its establishment is mainly based on the Trust Law (200 1), the Administrative Measures for Trust Companies formulated by CBRC in 2007, the Administrative Measures for Trust Companies' Collective Funds Trust Plan (hereinafter referred to as the Trust Regulations) and the Operational Guidelines for Trust Companies' Private Equity Investment Trust Business (2008).