Private Equity Investment Fund Exit Mechanism For Legal Issues Research

Private Equity develops from the United States, after half a century of development, private equity funds has become an enormous financial industry, become the third-largest finance market outside the stock market and, bank credit public financing.The operation of private equity capital raising process is mainly divided into three stages. The exit stage has very important value. How to safeguard the realization of the goal to exit stage of the value of private equity industry, realization of the liquidity needs of capital markets and private equity investors, protection of investment interests, has a very important practical significance.According to the research of foreign regulations on private equity, and compare that with local regulations. This paper proposed the specific measures for the legal barriers in China, including improving the quilting system for motherboard, and developing properly equity trading market and OTC market. Build local or regional OTC market firstly and then integrate regional market into national capital market. Finally, according to all research results, reach the conclusion of establishing relevant regulations to ensure the effectiveness of the exit stage of private equity funds.