Research On Private Equity Fund Investment And Financing Risk Evaluation And Early Warning

The rapid development of private equity fund investments caused widespread concern in the community, along with the size of our private equity fund investments and foreign capital continued expanding into the domestic private equity funds, foreign advanced management experience and theory gradually make the domestic private the actual operation of equity funds is more standardized. But from another perspective, the development of private equity funds are also facing fierce competition in the market environment, it also increases the risk of investment and financing. Therefore, in this paper it is deeply researched investment and financing risks and warning.Firstly, the three kinds of organizational forms of private equity funds, including private equity partnership model, trust-based private equity fund, corporate private equity funds. And analyzes the operation mode and the development of domestic and international experience can learn from private equity funds. Second, identify the factors affecting the development of private equity funds, including private equity organization, the private equity industry regulator, the international allocation of capital, changes in return on assets, investment profitability, industrial restructuring, investment in enterprise technology capabilities, investment management companies ability eight factors directly influencing factors, the remaining factors are factors directly influencing factors have a direct impact on the development of private equity funds, are factors which indirectly influence the development of private equity funds direct impact by influencing factors. Then, from financial factors, production factors, technical factors, management factors, market factors, five aspects of evaluation index system of private equity fund investments, based on fuzzy mathematical theory of the enterprise A private equity fund investment project feasibility evaluation. The results show that the comprehensive evaluation of the project’s value 3.9331, in a very good condition close, indicating that the project for private equity funds. Again, from the financial risk, environmental risk, management risk, policy risk, market risk, financial risk six establishing index system of private equity financing risk assessment, while the use of fuzzy comprehensive evaluation of private equity financing risk as a case study for P companies were realistic evaluations showed that the comprehensive evaluation of the project’s value is 3.6297, very close in good condition, indicating that the project financing for private equity funds. Finally, risk management and early warning, early warning technology risk, market risk warning, warning of financial risk, environmental risk warning five policy areas to establish a private equity investment risk evaluation index system of early warning of equity, and the use of AHP, G1, standard deviation, entropy subjective and objective method of combining value method to determine the weight of the private equity investment risk warning indicator system of weight, while extenics evaluation model for private equity investment risk warning empirical study showed that the risk of private equity companies in a Q warning level, ie no risk warning state, but by the eigenvalues j*=1.02 can be seen, the private equity investment risk warning Q enterprises have risk warning to the general state of bias, requiring Q timely efforts to maintain good business development state.Innovation of this paper include:(1) identify the factors affecting the development of private equity funds, the use of ANP and DEMATEL combination of methods to identify the Factors Affecting the Development of private equity funds; (2) to build a private equity fund Investment Project Evaluation model, from financial factors, production factors, technical factors, management factors, market factors, five aspects of private equity funds constructed investment project evaluation system, using a combination of subjective and objective AHM-entropy method to determine the weight of each index, based on fuzzy According to the theory of fuzzy mathematics comprehensive evaluation model was constructed private equity fund investments; (3) construct a private equity financing risk assessment model, built from financial risk, environmental risk, management risk, policy risk, market risk, financial risk six aspects a private equity fund financing risk assessment system to determine the weight of each index, based on fuzzy mathematical theory to build a private equity financing risk fuzzy comprehensive evaluation model uses a combination of subjective and objective G1-coefficient of variation; (4) Construction of private equity fund investment risk early warning model, from the management of risk early warning, early warning technology risk, market risk warning, financial risk warning, policy aspects of environmental risk warning constructed six private equity fund investment risk early warning index system, using a combination of subjective and objective AHP, G1 law, the standard deviation method, entropy method to determine the weight of each index, based on theoretical framework Extenics private equity fund investment risk warning Extenics evaluation model.