Research On The Performance Evaluation Of Private Equity Investment

Back in the end of last century, private equity investment in China is still little-known. In recent years, private equity investment in China starts to flourish. With the rapid development of private equity investment, its stories of bringing in wealth cause the wide attention of people. Western mining investment case, Alibaba investment and perfect and spatio-temporal investment."Gold returns" case occurred frequently, also increased the private equity investment attraction. More and more investors believe that private equity investment can produce huge investment returns, so that more capital flows into the field and set up by the more and more number of funds, the investment scale is also growing.However, in contrast to the rapid development of private equity investment practice, the research of theory and practical problem is very weak, especially the kind of investment performance evaluation. As a way of investment, private equity investment’s final purpose is to seek out a return on their investment. So, for investors, which factors willl affect investment? How to realize the high return on investment? These attribute to private equity investment performance analysis and evaluation. This is the investor’s interest, but also the theoretical issue that is studied urgently. So, the performance of private equity investment research has a strong practical significance and the theoretical significance.Based on the existing research results, to private equity investment "investment-cultivating management-exit and investment" circulation characteristic as the basis, with each stage of performance factors as the breakthrough point, staged performance evaluation, the establishment of a more perfect private equity investment performance evaluation system, and thus help from investors in the private equity investment performance of a comprehensive understanding of. The research content mainly includes the investment (basically be project screening); performance evaluation content is how to detect the value of investment project, analysed investment project screening standards, setting up on the basis of the investment project screening and evaluation model; cultivation management stage, the performance evaluation content is how to enhance the value of investment project; analysis of the cultivation target evaluation and development evaluation evaluation index, was constructed by cultivating target evaluation and evaluation of the growth of a measure of cultivation and management of stage performance comprehensive evaluation system; out of phase, the performance evaluation content is when and how the exit can get the best return; analysis of the impact of private equity investment is on the exit type and timing selection factors, and then on the basis of real options theory to construct the exit type and timing of the comprehensive decision model.