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Is the agreement held by private equity fund legal?
Legal analysis: Generally speaking, it is legal. If the agency agreement itself does not violate the provisions of national laws, mainly does not cover up the illegal purpose in a legal form, and does not maliciously collude to harm the interests of others, the agency agreement will generally be legal.

Legal basis: Article 143 of the Civil Law of People's Republic of China (PRC) is valid for civil juristic acts that meet the following conditions: (1) The actor has corresponding capacity for civil conduct; (2) the meaning is true; (three) does not violate the mandatory provisions of laws and administrative regulations, and does not violate public order and good customs.