On The Perfection Of Our Private Equity Funds

This paper will be divided into four chapters:China private equity fund development's present situation, China private equity fund incentive and restraint mechanisms, limited partnership system research of the incentive-restricted mechanism and Chinese private equity funds suggestion.The first chapter introduces the concept of private-equity funds, and briefly introduces the private equity fund in China's development status, then also indicates the risks and problems that the private-equity funds in China faced with.The second chapter introduces the basis of present China private equity incentive-restricted mechanism. After simply introducing the current stimulation mechanism and restriction mechanism in China, the author emphases the existing problems, and the practice gap between advanced countries.The third chapter is the key one in this paper focuses on the limited partnership system chapters on the incentive-restricted mechanism in detail and corporations the incentive-restricted mechanism under makes a deep comparison. In the beginning of this chapter, the author introduces the concept and limited partnership system in western development history, and briefly introduces how the American private equity limited partnership system works. In the second part of this chapter, the author introduces the incentive-restricted mechanism of the limited partnership system of private equity funds, and then its private-equity firms and corporations under the incentive-restricted mechanism to carry on a various contrast.The last chapter in this paper, the author puts suggestions towards private-equity funds'improvement in China at present of the incentive-restricted mechanism. First of all that under the condition of the mature private equity fund organization form into a limited partnership system, secondly if cannot fully introduces limited partnership system into private equity funds,we can learn from the case of mature part limited partnership system to compensate for the system, and the incentive-restricted mechanism defects.