Legal analysis: at least one person. The scope of funds raised by private equity funds, the lower limit of personal funds is 200,000 yuan, the lower limit of institutional funds is 654.38+00,000 yuan, and the number of investors is more than 2 and less than 200.

Legal basis: Article 176 of the Criminal Law of People's Republic of China (PRC) illegally absorbs public deposits or absorbs public deposits in disguised form, thus disrupting the financial order, he shall be sentenced to fixed-term imprisonment of not more than three years or criminal detention, and shall also be fined not less than 20,000 yuan but not more than 200,000 yuan; If the amount is huge or there are other serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than three years but not more than ten years and shall also be fined not less than 50,000 yuan but not more than 500,000 yuan. If a unit commits the crime mentioned in the preceding paragraph, it shall be fined, and the directly responsible person in charge and other directly responsible personnel shall be punished in accordance with the provisions of the preceding paragraph. Illegal absorption of public deposits refers to the activities of absorbing funds from unspecified social objects without the approval of the People's Bank of China, issuing vouchers and promising to repay the principal and interest within a certain period of time; Disguised absorption of public deposits refers to an activity that, without the approval of the People's Bank of China, absorbs funds from unspecified social objects in the name of absorbing public deposits, but promises to perform the same obligations as absorbing public deposits. Whoever raises funds from the public in violation of national financial management regulations and commits any of the following acts shall be deemed as illegally absorbing public deposits or absorbing public deposits in disguised form as stipulated in Article 176 of the Criminal Law:

(1) does not have real sales content or does not take real estate sales as the main purpose, and absorbs funds from the public in the form of resale, after-sale charter, agreed repurchase, and sale of real estate shares;

(two) through false propaganda, commitment to high returns and other means, in the form of management and protection to the public transfer of forest rights, to absorb funds;

(3) Absorbing funds from the public in the form of planting (breeding), renting planting (breeding) and joint planting (breeding) through false propaganda and promising high returns;

(four) in the name of selling goods and providing services, not providing goods and services or providing goods and services at prices significantly higher than the market price, and absorbing public funds by committing to buy back or selling them on a commission basis;

(five) in the name of issuing securities, absorbing funds from the public through false propaganda and promising high returns;

(six) in the name of raising funds or fund management, absorbing funds from the public through false propaganda and promising high returns;

(seven) through public publicity, to absorb funds from the public in the form of investment in stocks, entrusted financial management, etc., and promise high returns;

(eight) the use of "social associations", "social organizations" and other non-governmental organizations, through public publicity, commitment to high returns and other ways to absorb funds from the public;

(nine) other acts of illegally absorbing public funds.