legal ground
Article 11 of the Interim Measures for the Supervision and Administration of Private Investment Funds
Private equity funds shall be raised from qualified investors, and the cumulative number of investors in a single private equity fund shall not exceed a specific number as stipulated by the Securities Investment Fund Law, the Company Law, the Partnership Enterprise Law and other laws. Where an investor transfers a fund share, the transferee shall be a qualified investor, and the number of investors after the transfer of the fund share shall conform to the provisions of the preceding paragraph.
Article 12
Private equity fund qualified investors refer to units and individuals with corresponding risk identification ability and risk-taking ability, with the investment amount of a single private equity fund not less than 6,543.8+0,000, and meeting the following relevant standards:
(1) Its net assets are not less than 6,543,800 yuan;
(2) Individuals whose financial assets are not less than 3 million yuan or whose average annual income in the last three years is not less than 500,000 yuan. The financial assets mentioned in the preceding paragraph include bank deposits, stocks, bonds, fund shares, asset management plans, bank wealth management products, trust plans, insurance products, futures rights and interests, etc.