Can private placement invest in companies? Is private placement legal?

The investment activities of private equity funds established according to China's Company Law and Partnership Enterprise Law are legal. But there are a few points to note. 1, private placement, since it is called private placement, it is impossible to raise funds publicly. According to the Notice of the National Development and Reform Commission on Strengthening the Filing Management of Venture Capital Enterprises and Strictly Standardizing the Raising Behavior of Venture Capital Enterprises, if a private equity fund promises a minimum return or publishes an advertisement, it may not raise it publicly. 2. Minimum investment: According to the Interim Measures for the Administration of Venture Capital Enterprises, a single investor needs to invest more than 6,543.8+0,000 yuan. 3. Private equity funds cannot engage in creditor's rights activities such as usury in the name of equity investment, otherwise it will violate.