Offshore funds refer to funds registered outside the country where they are located，Usually established in the Cayman Islands、Offshore jurisdictions such as Mauritius or the British Virgin Islands。In today's world of economic globalization，Money moves around the world，Large PE institutions often accept funds from all over the world，However, the management regulations for foreign investors vary widely from country to country.。These jurisdictions are particularly useful for funds investing in China.，very attractive，Because they usually allow investors from different countries to participate in investments，and are not subject to U.S. or Chinese laws and regulations。
离岸基金的注册地通常为英属维尔京群岛、开曼群岛及百慕大等离岸群岛。基金选择在这些地区成立，通常是因为这些地区对于基金的监管相对较松，同时当地政府豁免该基金来自于非当地收入的税收，also，有的地方还准许基金成立后可向全球公开发售。
目前在开曼群岛各种类型的基金数量多达6000多只。而作为后起之秀的BVI自1998年开放离岸基金市场以来，已注册的受监管的基金数量达到3400多只。目前百慕大也有1600多只注册的集合投资计划。It should be noted that，以上数字并不包括庞大的依照当地法律可以享受监管豁免的基金数量。It can be seen that funds registered in offshore islands have become one of the first choices for many funds.。
Limited partnership is the most popular form of organization for private equity funds.，More than 80% of private equity funds in the United States adopt this form，And most funds established in the United States are established as Delaware limited partnerships.，Most European private equity funds also adopt this type of organizational form.，Therefore, limited partnerships are also regarded as the key to the success of American private equity funds.。
Offshore funds in Cayman from a corporate law perspective，In essence, it is still a Cayman exempted company.，no taxes，The only difference is that it is registered through charter，并符合开曼基金相关的法律和法规）定义了公司与投资者以及其他相关利益角色的关系，而成为了一个基金。所以开曼离岸基金的开户，可以在基金成立的任何阶段，只要公司成立就可以进行。一般帐户不会开在开曼当地，而是可以优先考虑开在香港和新加坡等地。另外在仅仅开始运作之后还有两种帐户，一个是cash account现金帐户，管理员以基金的名义开设的，所有的投资在进入投资帐户之前，都要进入此现金帐户，并经过管理员的核准（KYC）才能进入投资帐户。投资帐户当然是指基金实际运作的时候投入到其他金融机构中的帐户。
The offshore funds referred to here，According to different establishment forms, they are mainly divided into Private Equity Funds and Hedge Funds.(Hedge Fund)Two categories。
private equity investment，即Private Equity，PE for short，refers to investing in unlisted equity，Or an investment method in non-publicly traded equity of listed companies。Sources of funding for private equity investments，It can also raise funds from unspecified members of the public.，Non-public issuance can also be adopted，Raise funds from institutions or individuals with risk identification and tolerance。Because private equity investment is risky，Insufficient information disclosure，Therefore, it is often in the form of non-public fundraising.。
Most of those who set up PE are groups with a small number of investors.，individual or family，The number of investors is limited to 15 people，The investment projects or assets held are relatively fixed and stable.。
