The Exit Mode Of Equity Transfer For Private Equity Funds

In recent years,large international private equity investment institutions have entered China,the domestic investment institutions are also developing rapidly,although the development is still not mature,but the trend of development is considerable,the scale of management is increasing.With the development of management scale growth and private investment market,the structure of China's capital market continues to improve,the formation of the market structure of the motherboard,small plates,the gem,the new board and other structured,broaden the private equity funds exit channel,in turn,promote the further development of private equity funds.Private equity fund is different from bank financing,trust and other financial institutions,flexible and convenient operation,will be at different stages of development of the enterprise and flexible multilayer capital market together,solve the financing problem of small and medium-sized enterprises,and strengthen management for small and medium-sized enterprises,the introduction of resource,greatly promoted the development of small and medium-sized enterprises,promote the integration of the industry to promote technological innovation,optimize the market allocation of resources,play a great role for the development of the industry.Private equity fund is a joint-stock enterprise,for enterprises to bring funds,resources and advanced management model and so on to promote the development of enterprises,when the time is ripe,and then through the withdrawal of capital gains to operate.Key factors of the exit of private equity funds can achieve earnings,the relationship with the private equity institutions can gain,whether can the successful completion of a fund financing,can form a virtuous cycle of development,so the exit has a vital role,this research also has important practical significance to exit.At present,the exit mode can not meet the needs of the withdrawal of funds,and it has become an urgent problem to find new ways to withdraw.By comparing the advantages and disadvantages of several ways of withdrawal,this paper puts forward a new way to quit.First of all,this paper expounds the background and significance of the topic,as well as the current situation of the study of private equity exit at home and abroad,and describes the research ideas and framework,and the research content and innovation of this paper.The second chapter introduces the related theory of private equity funds and exit,mainly introduces several existing private equity funds to exit,and make a simple comparison of several methods,advantages and disadvantages are analyzed;and then introduced the concept of private equity funds transfer exit and the analysis with the practical significance of the equity transfer exit through the market finally,to exit the situation;CDH is necessary for example equity transfer exit;The third chapter is about the legal issues and feasibility analysis of private equity fund withdrawal;The fourth chapter is about the withdrawal of overseas private equity funds,the transfer of equity shares and the enlightenment to our country;The fifth chapter describes how to improve the withdrawal system of private equity funds,mainly divided into two parts to perfect the legal system and perfect the trading market.