私募的中文解释

指直接向特定投资者如基金、保险公司及银行等机构投资者出售证券。因不涉及向公众发行，一般毋须向证券监管当局注册登记。

Private Placement的英文解释

Usually refers to a bond issue that is placed directly with investors, is not listed on a stock exchange and does not have a prospectus