A Study On Post-Investment Risk Management Of N Companies’ Private Equity Investment Projects

With the vigorous promotion of the construction of "Mass Entrepreneurship and Innovation" policy and the rapid economic and social development in China,the financing demand of domestic small and medium-sized enterprises is increasingly strong,and private equity investment has gradually become an important means for investment institutions to obtain high returns.For industrial investment companies under the background of state-owned listed enterprises,maintaining and increasing the existing capital through strategic equity investment will face many uncertain risks in the post-investment stage of the project,which will hinder their subsequent smooth exit.In the report of the Party’s 20 National Congress,it is emphasized that preventing and defusing major risks and improving the risk monitoring and early warning system are essential tasks at present.If the risks in the post-investment stage of private equity investment are not properly managed,it will directly affect the withdrawal of investment funds,resulting in low investment returns and even principal loss.Therefore,this thesis has great theoretical significance and practical guiding value for the research on the post-investment risk management of private equity investment projects.On the basis of theories related to the risks of private equity investment,this thesis follows the methods of "Evaluation and analysis--Problem finding--Problem solving" and takes N Investment Company as an example to study the post-investment management risk assessment system of private equity investment projects.Specifically,based on the existing academic research and investment risk management theory,combined with the content analysis method and expert investigation method,the evaluation index composition is determined from the risk source identification and risk factor screening,the index weight determined by AHP method,the fuzzy comprehensive evaluation method used to evaluate and analyzes the five key investment projects of the company.The analysis shows that the current project of N investment company exists some problems such as imperfect internal governance structure of investment enterprise,weak integration of internal and external resources of post-investment service,the lack of professional post-investment management team construction,and possible post-investment risks such as bad debt or liquidity risks in the invested enterprise.Based on the above problems and the characteristics of private equity investment projects,the thesis puts forward relevant countermeasures and suggestions such as improving the post-investment decision-making mechanism,optimizing the construction of internal structure,strengthening the connection of internal and external resources in the market,perfecting the financial risk control system and strengthening the core comprehensive evaluation ability.The post-investment risk assessment system established in this thesis can be used to find out the problems of post-investment risk management of private equity projects.Simultaneously,in order to guide these projects in a targeted way,it ’s able to enrich the relevant research on post-investment risk management,provide reference for the discovery and control post-investment risks of similar investment projects.