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Does the foundation belong to a legal person organization?
Legal subjectivity:

Private placement fund is just a name and does not have the nature of a legal person, but the manager of private placement fund is a legal person institution, generally because of the fund company. Interim Measures for the Supervision and Administration of Private Equity Investment Funds Article 7 Managers of various private equity funds shall apply to the fund industry association for registration in accordance with the provisions of the fund industry association, and submit the following basic materials: (1) The original and photocopy of the industrial and commercial registration and business license; (2) Articles of association or partnership agreement; (3) List of major shareholders or partners; (4) Basic information of senior managers; (5) Other information stipulated by the fund industry association. The fund industry association shall publish the list of private fund managers and their basic information through the website within 20 working days after the registration materials of private fund managers are complete, and complete the registration procedures of private fund managers.