Private equity fund are funds ........

Economic Affairs Financial Markets

Private equity fund are funds:

Set up by rich individual to attract investors who wish to invest in the stock market and are the expertise of such equity funds

Private equity is composed of funds and investors that directly invest in private companies, or that engage in buyouts of public companies, resulting in the delisting of public equity.

Set up by mutual funds to attract private individuals to pool their money for collective investments

Set up by private sector company to invest in oversees market

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Explanation:

A private equity fund is a collective investment scheme used for making investments in various equity (and to a lesser extent debt) securities according to one of the investment strategies associated with private equity.
They are set up by venture funds.