The Research Of Legal Problems To The Established Supervision Of Our Private Equity Funds

Private equity funds generally refers to the nonpublic way to raise funds tospecific investors, not yet on the market enterprise equity investment, wait for theinvestment enterprises development and mature, through a variety of channels exit,and realize the profit from a collective investment funds.our private equity fundsoriginated in the1980s, after just20years of development, now has reached a certainscale.Private equity funds for the development of the national innovation system andthe establishment of the economic development of China have played an importantrole.But compared to the United States mature private equity funds market, ourprivate equity fund is still in the primary stage,our private equity funds still has manyproblems, and related laws and regulations is not perfect, therefore must strengthensupervision.Private equity funds regulatory general including the establishment ofsupervision, investment operation regulation and exit regulation. The establishedregulation of private equity funds is the first pass the supervision, it plays a veryimportant role in the protection of investors, fund manager market regulations andprivate equity funds industry healthy and orderly operation.Therefore, based on thestudy and learn from foreign mature of experience,the research of the establishedsupervision of private equity funds has a profound practical significance.This paper is divided into preface, text and ending three parts, including text intothree chapters.The first chapter presents the private equity funds, setting up the concept of theprocess and the establishment of the existing problems and the necessity ofsupervision.Ifirst discusses the connotation of private equity funds and characteristics, the present situation in the development of our country.Private equity fundsestablished process including choose appropriate fund form, raise the capital and fundestablished three stages and procedures.In this process, because of informationasymmetry, it may appear adverse selection problem and damage interests ofinvestors.So in order to protect the interests of investors and safeguard the healthy andorderly operation of private equity funds industry,it is necessary to set up a privateequity fund supervision.The second chapter first analyse the problems of our private equity fundsestablished regulatory.Then I Focuses on the analysis of the legal supervision of U.S.private equity funds and our deficiency in the established supervision of private equityfunds.Finally I put forward our country can adopt the American mature legislativesupervision model to perfect our law supervision.The third chapter discusses how to perfect established regulation of our privateequity funds. I study the principle of established supervision of our private equityfunds, regulatory body and method, the market main body access supervision andsome other important problems,such as the main body behavior supervision.Thuspromote our country’s private equity funds industry norms and orderly development.