According to Baidu's data, the completion of fundraising means that the investors who subscribe to the corporate or partnership private equity investment fund have signed the articles of association or partnership agreement and gone through the industrial and commercial confirmation registration, and have completed the first round of paid-in capital contribution of not less than 6,543,800 yuan and the paid-in capital has entered the fund property account. Managers and their employees, social security funds, government guidance funds, pension funds such as enterprise annuities, charitable funds and other social welfare funds may stipulate in their articles of association or partnership agreements.
Private investment fund refers to an investment fund established by raising funds from qualified investors in a non-public way, including a company or partnership established for investment activities with assets managed by fund managers or general partners.