According to "People's Republic of China (PRC) Securities Investment Fund Law", "Non-public offering funds shall be raised from qualified investors, with a total of no more than 200 qualified investors. The qualified investors mentioned in the preceding paragraph refer to the units and individuals that have reached the prescribed asset scale or income level, have the corresponding risk identification ability and risk-taking ability, and the subscription amount of their fund shares is not less than the prescribed limit.

Specifically, the following conditions need to be met:

1, with corresponding risk identification ability and risk-taking ability;

2. The amount invested in a single private equity fund is not less than 6,543,800 yuan;

3. The net assets of the unit are not less than 6,543,800,000 yuan, the personal financial assets are not less than 3,000,000 yuan, or the average annual income of individuals in the last three years is not less than 500,000 yuan.