I am wondering what exactly is pre-IPO and how retail investors can invest in private equity funds?

Investing in a pre-IPO (Initial Public Offering) can offer high reward potential, as it allows you to buy shares before they become available to the public. If the company succeeds post-IPO, early investors may see significant returns. However, pre-IPO investments come with high risks. These companies are often less transparent, lack proven track records, and their valuations may be speculative. Liquidity is also limited; you may not be able to sell your shares easily. Pre-IPO investing is usually reserved for accredited or institutional investors due to the risks involved. Before investing, carefully research the company, its business model, financials, and management team. If you're risk-tolerant and understand the market, pre-IPO investing can be attractive, but it’s not suitable for everyone.