Foreign private real estate fund is a kind of real estate private equity fund, so it is called foreign private real estate fund only because all its sources of funds come from outside China. Real estate private equity fund refers to a fund initiated by private equity and focused on investing in the real estate field. The so-called private placement means that the way this fund is initiated is not public. Private equity funds can't be publicly peddled in banks like the securities investment funds we see every day. Private equity funds can only find rich people, convene rich people and hold a fundraising briefing in a private way, telling them what the fund will do, how to operate and how much money it can earn. Then if these rich people decide to join the fund, they will sign a contribution certificate and decide how much money to invest in the fund, and then the fund will be established. Private equity funds often exist in the form of limited partnership. If you want to participate in private equity funds, your minimum contribution is above 6,543,800+0,000. Now hundreds of thousands and tens of thousands of people in the market can invest in private placement, which is deceptive and suspected of illegal fund-raising.