Private equity funds are required to raise funds from qualified investors. Non-public offering funds shall be raised from qualified investors, and the cumulative number of qualified investors shall not exceed 200. Investors refer to units and individuals that have reached the prescribed asset scale or income level, have the corresponding risk identification ability and risk-taking ability, and their fund share subscription amount is not less than the prescribed limit.

Legal objectivity:

Article 12 of the Interim Measures for the Supervision and Administration of Private Equity Funds refers to units and individuals with corresponding risk identification ability and risk-taking ability, and the investment amount of a single private equity fund is not less than 6,543.8+0,000 yuan, and meets the following relevant standards: (1) Units with net assets of not less than 6,543.8+0,000 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.