Research On Performance Evaluation Of Venture Capital Fund

Venture Capital Guiding Fund is established by Government and operated in a market-oriented way, supporting the development of venture capital enterprises, and guiding social capital into the venture capital industry.In order to give full play to the government guide and promote the policy effect maximizing, must make the pledge that we shall guide the funds of the specification, the correct use and for its scientific, strict inspection and supervision. At present domestic to venture capital guiding fund supervision and review of the main attention to its legality and compliance, did not give full consideration to economy, efficiency and effectiveness evaluation. To this end, the paper on the basis of the relevant theories of venture capital fund, refer to some scholars of the existing research results, combined with domestic actual operation situation and the existing policies and regulations, designed the evaluation index system of venture investment fund performance evaluation, and applied to the venture capital guiding fund performance evaluation in guizhou province and put forward the policy suggestions.The paper mainly includes the following chapters:the first chapter is introduction, in this paper the research background and research status at home and abroad, combing, leading experts and scholars important point of view, on the basis of revealing to set up venture capital guidance funds and on the significance of performance evaluation. The second chapter, the paper expounds the relevant theories of government performance evaluation of venture capital fund, to define the nature of the venture capital fund, functions, and expounds the main mode of operation. The third chapter, is the venture capital fund to the government research development situation, has analyzed our country venture capital guiding fund size growth, investment, distribution, management status and guide the fund development in guizhou, etc., finally analyzes the venture investment guide problems during the development process of fund. The fourth chapter is the design of the performance evaluation system of venture investment fund, on the economy, effect and efficiency on the basis of three principles for indexes and using hierarchy analysis method to set the index weight. The fifth chapter is the guizhou province venture capital fund performance evaluation case study, the performance evaluation model is proposed in this paper an application of a quest. The sixth chapter, based on the above research on how to improve the venture capital fund performance in guizhou countermeasures and Suggestions are put forward. The seventh chapter, is the summary and prospect of this research.The innovation of this paper is based on the performance evaluation of public finance of 3E principle and other related theory, combined with the practice, designs the evaluation index system of venture capital fund performance, was analyzed by using the fuzzy comprehensive evaluation method in guizhou province venture capital fund performance. And cultivating institutional investors, improve the input mechanism, key middle guide growth stage enterprise, weakened the regional restrictions, to strengthen the evaluation of fund cooperation object, strengthen the government’s guidance, management and risk control of fund etc.Countermeasures and suggestions.Due to the study of venture capital fund very late,the experience of venture capital fund is very little, the study is also quite small,especially the study of guizhou.due to the data is unavailable, the application of index system is limited,so we had to apply qualitative indicators to evaluate the performance of venture capital guiding fund.but in this way,the precision is lower than quantitative indicators.This is the future direction for improvement.