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How to determine the legitimacy of limited partnership private equity fund? Can a partnership have multiple fund projects?
1. The number of all partners is less than or equal to 50;

2. At least one general partner;

3. The fundraising process is conducted through 1 to 1 or 1 to a number of private placement channels, and it is not allowed to raise funds through public channels;

4. All partners' capital contributions are their own funds, and their sources are legal.

5. All the limited partners sign the confirmation letter or commitment letter to confirm that they have clearly understood the risks in the operation of the partnership and voluntarily bear them;

6. There shall be no clauses in the limited partnership agreement that violate the partnership enterprise law.

That should be basically it.

Generally speaking, a limited partnership is considered as an independent fund, but it can invest in several different projects.

If you want to hang more than one fund, you need to set up an investment management limited liability company or limited partnership, with this company (or limited partnership) as the general partner, and raise more than one fund to be responsible for the operation and management of the fund.

Reference: Partnership Law/Others/News/2006/08-28/780384.shtml.