Should not belong to, private equity funds need fund managers and fund custodians, and need to be filed with the fund industry association. The difference between private equity funds and Public Offering of Fund lies in whether to raise funds from the public. Private equity funds should be raised by qualified investors, and the number of people raised should not exceed 50, and the funds cannot be transferred to personal accounts, otherwise it is illegal to raise funds. Generally, the single investment of private equity funds is above 6,543,800+0,000.