Alva Xu, a financial management partner, pointed out that large European and American funds are competing for financing, accelerating the squeeze on the living space of Asian funds, making LPs more precious, and IR will become increasingly important. Instead of playing fancy games, the better way is to return to the original intention and support excellent enterprises in the early stage. It is suggested that fundraising should not emphasize DPI and financial returns, but focus on exploring desires and their own worldviews, and understanding the strategic planning and strategic investment layout of each LP.