Qualified investors of private equity funds refer to the 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 6.5438+0 million yuan, and they meet the following relevant standards:

(1) Its net assets are not less than 6,543,800 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, fund shares, asset management plans, bank wealth management products, trust plans, insurance products, rights and interests, etc.

The following investors are regarded as qualified investors:

(1) Social security funds, enterprise annuities and other pension funds, charitable funds and other social welfare funds;

(2) An investment plan established according to law and filed with the fund industry association;

(3) Private equity fund managers who invest in the private equity funds managed by them and their employees;

(4) Other investors as stipulated by the China Securities Regulatory Commission.

In the form of partnership, contract and other unincorporated persons, if the funds of most investors are pooled to directly or indirectly invest in private equity funds, the private equity fund manager or private equity fund sales organization shall thoroughly check whether the final investor is a qualified investor and calculate the number of investors in a consolidated manner. However, if investors who meet the requirements in Items (1), (2) and (4) of this article invest in private equity funds, it is no longer necessary to check whether the final investors are qualified investors and calculate the number of investors together.

The Interim Measures stipulates that private equity funds shall be raised from qualified investors, and the cumulative number of investors in a single private equity fund shall not exceed the specific number stipulated by the Securities Investment Fund Law, the Company Law, the Partnership Enterprise Law and other laws.

Therefore, the maximum number of participants in a single private equity fund varies with the form of fund organization. The number of contractual fund investors shall not exceed 200, limited partnership funds and limited liability company funds shall not exceed 50, and joint stock limited company funds shall not exceed 2 and 200. In addition, if the investor transfers the fund share, the transferee shall be a qualified investor, and the number of investors after the transfer of the fund share shall meet the above provisions.