The Exit Mechanism Of Private Equity Fund

Nowadays China is trying to promote the development of its layer capital market system, and private equity funds which in turn become an indispensable component. Successful exit is an important index of whether a private equity fund is able to operate long-term, full of vitality and vigor. At the same time a complete legal system, the specification for the exit mechanism also influences the long-term investment funds. Investors have trust in the law greatly affects the intensity of its injection of capital. So the entireness of the laws and regulations is also considering whether to enter these area investors. lately Start of private equity funds, although in 2009 the successful launch in the GEM, the overall is on an exploration level, for which the exit mechanism was only by "the Shenzhen Stock Exchange GEM Listing Rules" the rules and regulations, which will influents the enthusiasm of investors and investment, thus affecting the normal development of the industry and running。Five Chapters In this passageChapter One: First, it indicts the meaning and features of Private Equity Fund Exit and describes the details through its different organization forms. From inter subjective relationship to the law rules'construction of the whole capital market. Then, describes the crucial part and four different ways of Private Equity Fund exiting. That is: the comparative analysis of four ways to.IPO exit, Equity transfer out, Repurchase and liquidation exit outChapter Two: Describes the law rules of Private Equity Fund Exit of different countries and regions, such as America, England and Taiwan. This model was oriented in America, and then become the wind vane of the worldwide. Although Europe followed America, it also set up a suit of effective law rules. And Taiwan of China's also has the guiding significance to the homeland's law construction. Chapter Three: Describes our Mechanism of Private Equity Fund Exit, including its present situation and law rules. Describes four existing ways face the different circumstances in China by analyzing recent national situation and improving national GEM. Chapter Four: Additional modifications of the recommendations and suggestions according to analyzing the first two chapters and comparing four exiting ways.