It is difficult to judge whether private equity fund companies are formal or informal. There is no private equity qualification certificate in the country, but there will be a filing certificate when it is filed by the National Development and Reform Commission, and there will be no qualification certificate or the like.

If it is filed with the National Development and Reform Commission, it will definitely have better qualifications, but it does not mean that the risk is small.

In addition, whether the private equity fund company is formal or not depends on its investment experience and whether there have been any withdrawal cases. If it is newly established, it depends on whether his management team has a good investment history.

If it is a new team and the fund is newly established, it depends on his fund raising, whether the funds have arrived, and the situation of the fund custodian bank. If you can't check these, you should be careful.