Private Equity Fund Based On The Project Finance Model

With the recent rapid development of China's economy, a large number of high-tech enterprises and projects staged China's science and technology have become the main force of technological innovation.In the current market economy, the operation of capital projects is the key to a healthy and stable financing channels for the continued development of high-tech projects is crucial.The characteristics of high-tech projects with other projects, with a clear life cycle, different stages in the project of capital, technology, and management requirements are not the same, have different risk characteristics, Therefore, the funds required at all stages of project scale, nature channels, the main body of investment there are differences in financing strategy also has clear and dynamic phase, it is difficult to finance from traditional sources of funds. Financing obstacles, Constraints of high-tech project of China's rapid development. Therefore, China's high-tech projects that suit the characteristics of the financing model has important practical significance and theoretical value.This paper studies the characteristics of high-tech projects, as well as the characteristics of private equity financing on the basis of the high-tech projects from the creation period, growing and mature stages of the three life-cycle approach, in view of their different characteristics, risks and scope of application, etc. a comparative study of point of view, and features for its reasonable and feasible, instead of the life cycle of private equity funds to match the proposed financing model, based on private equity project financing model to conduct a more detailed and systematic introduction. And thus the introduction of private equity funds in China and the development of the obstacles, the need to improve our country from the institutional structure of investment and risk control system in order to solve the bottleneck of the development of private equity funds.In this paper, based on private equity project financing model studies, project financing for China's high-tech direction for the future development of the experience and to provide a reference value.