The fundraising process of private equity funds is complicated. Those who are ready to launch choose to become fund sponsors independently or jointly with friends, both natural persons and legal persons. Then, the sponsors began to set up a preparatory group or committee for the recruitment of private equity funds, and stipulated the contents and sections that each member was responsible for.

legal ground

Eleventh "China Asset Management Association on the release of the notice"

Private fund managers shall, within 20 working days after the completion of private fund raising, put on record through the private fund registration and filing system, indicate the fund category according to the main investment direction of private fund, and truthfully fill in the basic information such as fund name, fund scale, investor, fund contract (fund company's articles of association or partnership agreement, hereinafter referred to as fund contract).

Where a corporate fund employs a management team to manage the assets of the fund, the corporate fund shall go through the procedures of fund filing and fund manager registration.

Article 12

If the filing materials of private equity funds are incomplete or inconsistent with the provisions, the private equity fund manager shall make timely corrections according to the requirements of the fund industry association.