Not common. The false net worth of private equity funds refers to the fact that private equity fund managers deliberately provide false net worth data to mislead investors or cover up real investment performance. Although it is not excluded that individual private equity funds have net value fraud, it cannot be generalized, and the phenomenon of net value fraud in private equity is widespread. In China, private equity funds are supervised by regulators (such as China Securities Regulatory Commission), and private equity fund managers are obliged to provide true and accurate net worth data according to regulations. Regulators will regularly or irregularly review and inspect private equity funds to ensure the authenticity and accuracy of net worth data. In addition, private investors also have the right to obtain net worth reports and audit reports, through which they can know the real investment performance of private equity funds. Investors can also choose to entrust an independent third party to conduct due diligence and evaluation of private equity funds to reduce the risk of net worth fraud.