1 is not illegal, but it is not recognized by national laws. Up to now, you can invest in private equity funds in the name of investment companies, investment consulting companies or partnerships. Whether investing in securities or equity, as long as there are no more than 200 people to raise, it should be said that they have not touched the red line of laws and regulations.

2. The actual private equity fund itself is defined as a way of raising funds, which is to raise funds from a specific few people. What we usually call private equity funds and private equity funds describe their investment direction and the use direction of funds after raising funds. The first layer is the way of financing, the second layer is the direction of investment, and the third layer is the investment style. For example, one of the more radical investment styles of private equity investment funds is hedge funds, so private equity investment funds cover hedge funds, but not all securities investment funds are hedge funds.