A lot of investment companies don't want to be public, they want to be private so they don't have to.

许多投资公司根本不想公开化,他们希望保持私有化,以不披露信息

耶鲁公开课 - 金融市场课程节选

And then there's also a lot of private scholarships you can apply.

你也可以申请很多私人奖学金。

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If you're a private company, you're subject to regulation that limits a lot of things you can do.

一家私募公司,同样需要遵守多项规定,许多活动也受到了限制

耶鲁公开课 - 金融市场课程节选