The Research On The Legal System Of Limited Partnership Private Equity Fund To Establishment

Priate Equity fund(PE,refers to the owner invests to specific individuals orinstitutional investors by non—public development,and by this way to raise funds and invest tosmall and medium—sized enterprise,through the enterprise control or management and make aprofit．Private equity funds now is the financing of small or medium enterprises ininternational,and this is the more important means investors access to the capital market．China'S private equity ffmds started quite late．relevant laws and regulations mid institutionalare not enough satisfactory,SO the interests of investors get effective protection and fundmanagement industry development is relatively backward,and one more important problem isthe fund form has not received enough attention,this problem v~ill influence the developmentof private equity funds．Based on private equity fund forms of basic theory as a foundation,using the comparative analysis methods to list the United States,Britain and Taiwan regionspractices,and analyzed the limited partnership system of some basic principle and its relativeto the characteristics of pri,'ate equity funds,based on this concluded the limited partnershipsystem is suitable for the organization forel of private equity fund,the paper also points outsome existing development limited partnership system predicament,in order to solve limitedpartnership system of the private equity funds in process of development and concluded thatlimited partnership system is suitable for private equity fund organization fornl as better．Fulltext is divided into four parts:Part 1:the basic principle of private equity fund fomls．At frst of this pan made legaldefinition of private equity funds,then cited this fund'S three organization form(corporations,trust system．1imited partnership system)．And analyzes the private—equity fund form factor ofchoice,That is,to consider the development ofprivate equity funds and needs and interests ofimvestors,fund mmmgers to protect．Part 2:introduce the United States．Britain and Taiwan private—equity fund'Sorganization．This part of the comparison analysis the method of the United States,Britainand Taiwan private—equity fund fornl of evolution and the predominant organization fornl atpresent,and analyzed these countries and areas appear this kind of circumstance socialeconomic and legal background,this part of the last section is obtained before the premise in meshech choose private equity funds should consider China'S national condition and cannotCC'PY foreign experience．Part 3:the theoretical basis of limited pa~lership system and relative private—equity fundsystem advantage．This section expounds the origin of limited partnership system,and,on thisbasis,introduces the system advantage,preliminary draw limited partnership system issuitable for privme equity funds of organization．Part 4:China limited partnership system of private—equity fund development andperfection．This part combined with our limited partnership system with private equity'Sdevelopment present situation,and then proposed our country should timely introductionlimited partnership system private equity funds and to further perfect the system,to make itmore relevant to the development ofprivate equity funds．...