Legal analysis: there is no takeover problem after the cancellation of private equity funds. Private placement fund refers to a securities investment fund that raises funds from specific investors in a non-public way and invests in specific objects. In case of cancellation of the private fund manager, you can reapply, but you need to prepare the business license and tax, as well as the copy of the group, the information of the legal person and shareholders, the photos of the senior management, the capital verification report and the income statement, and then go through the filing in accordance with the relevant regulations.

Legal basis: Article 2 of the Provisional Regulations on the Administration of Private Investment Funds The private investment funds mentioned in this Regulation (hereinafter referred to as private investment funds) refer to private securities investment funds and private equity investment funds that raise funds from qualified investors in a non-public way in People's Republic of China (PRC) and are managed by fund managers to conduct investment activities for the benefit of investors.

These Regulations shall apply to fund managers, fund custodians, fund raising, investment operation and information provision of companies and partnerships established for the purpose of private placement, and their assets shall be managed by fund managers or general partners.

The investment of private equity fund property includes securities and their derivatives, shares of limited liability companies, fund shares and other investment products stipulated by the State Council securities regulatory authority.