Research On Post-Investment Management Of Private Equity Investment Fund Projects

After more than a decade of development,private equity investment fund industry has become an important part of China’s financial market.By the end of 2018,China had 24,448 private equity fund managers,including 14,683 equity and venture capital fund managers.The management fund scale is 12.78 trillion yuan,of which the equity investment fund scale is 7.71 trillion yuan and the venture capital investment fund scale is 0.89 trillion yuan.In the early stage of the rapid development of the private equity investment fund industry also exposed a lot of problems,but with the revision and improvement of a series of policies and regulations in the industry,the development of private equity investment fund in China gradually cleared the way,making the industry from "brutal plunder" to "intensive farming" change.However,as one of the important links of "intensive farming" in private equity investment funds,post-investment management is generally not paid attention to by the industry.This paper takes the post-investment management of private equity investment fund as the research object.Firstly,it makes a systematic analysis of domestic and foreign literatures along with the basic theory of the research field.Second,domestic practices in the research field are analyzed.First,the importance of post-investment management of private equity fund operation is emphasized,which is expounded from the perspectives of fund operation process and industry development.Secondly,based on post-investment management,analyze the specific path,form and influencing factors;Once again,through the new third board listed private equity investment institutions and domestic well-known private equity investment institutions to analyze the status quo of mainstream post-investment management in China,the existing problems are found.Thirdly,it analyzes the existing problems and causes of project post-investment management of Z company,and takes project C as an example to propose solutions.At the same time,it reflects the necessity of differentiated services of post-investment management through effect evaluation.Fourthly,combined with the above analysis,the author proposes feasible Suggestions on the common problems and development of the post-investment management of domestic private equity investment institutions.The following conclusions are drawn through the research: first,the secondary risk assessment and risk classification of post-investment projects are established according to the conditions of investment institutions,and differentiated post-investment management service paths are provided for different project risks.Second,a professional post-investment team is an important guarantee for the effective realization of differentiated post-investment management services.Third,post-investment management will become the main competitiveness and characteristic advantages of private equity investment institutions.