私募备忘录的英文是"Private Placement Memorandum"，通常简称为PPM。

A private placement memorandum (PPM) is a legal document provided to prospective investors when selling stock or another security in a business. It is sometimes referred to as an offering memorandum or offering document. A PPM is used in "private" transactions when the securities are not registered under applicable federal or state law, but rather sold using one of the exemptions from registration. The PPM describes the company selling the securities, the terms of the offering, and the risks of the investment, amongst other things. The disclosures included in the PPM vary depending on which exemption from registration is being used, the target investors, and the complexity of the terms of the offering.

私募备忘录是一份机密文件，用于向私人投资者介绍公司或基金的投资机会和风险，以便吸引资金。它通常包括有关投资策略、业务模式、风险因素、财务状况和管理团队的信息。私募备忘录的撰写和使用受到法律法规的约束，以确保投资者获得充分的信息并了解相关风险，从而做出投资决策。

私募备忘录的内容通常包括以下几个方面：

投资策略和目标：私募基金经理的投资策略和目标，包括投资范围、资产类别、行业偏好、风险收益比等信息。

运作方式：私募基金的运作方式，包括基金的组织形式、基金经理的背景、管理团队的构成、投资流程等信息。

风险控制：私募基金的风险控制措施和方法，包括风险管理团队的组成、风险监控体系、投资限制等信息。

费用结构：私募基金的费用结构，包括管理费用、绩效费用、投资者退出费用等信息。

投资者信息：私募基金对投资者的要求和限制，包括最低投资额、锁定期、赎回限制等信息。。

双语例句：

The Subscription Amount was determined after arm’s length negotiation between the Company and the Fund on normal commercial terms. Based on the reasons as set out above, the Directors consider that the terms of the Private Placement Memorandum are fair and reasonable and the Subscription is in the interest of the Company and Shareholders as a whole.

认购额乃由本公司与基金按正常商业条款经公平磋商后厘定。基于上述理由，董事认为，私人配售备忘录之条款属公平合理，且认购事项符合本公司及股东整体利益。 

According to the provisions contained in the Private Placement Memorandum, Class B Shares may be redeemed at the option of the holders of the Participating Shares on the first Business Day of May 2021. Any Participating Shares have not been redeemed on the first Business Day of May 2021 will be redeemed at the end of the Term. A holder wishing to redeem its participating shares must send a redemption request to the administrator of the Fund and must be received by the administrator of the Fund on a business day falling at least 2 weeks (or such shorter period as the directors of Fund may permit, either generally or in any particular case) before the first Business Day of May 2021.

根据私人配售备忘录所载的规定，B类股份可由参与股份的持有人选择于二零二一年五月的首个营业日赎回。于二零二一年五月的首个营业日尚未赎回的任何参与股份将视为于期限结束时赎回。持有人如欲赎回其参与股份，须向基金管理人发出赎回请求，并须于二零二一年五月的首个营业日之前至少两个星期（或基金董事于一般或任何特定情况下可能允许的较短期间）内的营业日由基金管理人接收。