/ˈpraɪvət ˈɛkwəti fʌnd/ – Phrase
Definition: Quỹ vốn riêng.
A more thorough explanation: a collective investment scheme used to invest in shares in a private company (as opposed to shares in a company listed on a stock exchange) where the source of finance is generally a fund owned by sophisticated investors whose strategy is to make the company more profitable and sell their shares for a profit
Example: Italian private equity fund Investindustrial is widely reported to have made an offer of nearly $400m for Aston Martin.