Research On Selection Of Legal Organizational Forms Of Private Equity Funds

Private equity funds has have a high-quality growth and rapid development since from its birth. The success private equity funds gets proves that it’s a new innovation of finance, system and industry to the world. As the new star of the financial market, private equity funds has become the third biggest financing market after banks and securities, which has a necessary effect on the development of global economy. One of the reasons that private equity funds makes its huge success is that it has various legal organizational forms. We should make deep research on the legal organizational forms of private equity funds of our country to make sure that it can also obtain success in our country and help us find which form is the best for our country.The title of this article is research on selection of legal organizational forms of private equity funds. The article consists of four chapters:Chapter one introduces what private equity funds is, what three popular organizational forms of private equity funds are and how they work in reality.Chapter two introduces the theoretical analysis of the three most popular organizational forms based on two important kinds of value of law, which are efficiency and order. Through the comparison and analysis, we can get the clear information about the advantages and disadvantages of the three organizational forms of private equity funds.Chapter three introduces the study and research on the organizational forms in foreign developed countries and area. You can find that many researches on the development of history and comparison of the organizational forms in foreign developed countries and area, such as United States, Japan, Germany, Britain and Taiwan of our country. This part also summarize the similarities and differences of the development of organizational forms in these countries and area so that we can get some inspirations and acquire some advanced experience and practice.Chapter four introduces the situation of the development of organizational forms of private equity in our country and thoughts of which organizational forms to select. Firstly, this chapter talks about the situations of legislation and theory in our country. Then, this chapter comes up with three basic important factors which we should think and talk when we choose the best organizational forms of private equity funds. Finally, the writer get the conclusion that limited partnership is the best selection of our country for the moment and the mixed is the selection of our country in the future.The innovations of the article:on the one hand, the writer come up with the analysis from the value of law that the other scholars lack. The writer talked about the legal organizational forms of private equity funds from two kinds of value of law which are efficiency and order. On the other hand, the writer imagined the mixed form of private equity funds boldly. The mixed private equity funds contains all the advantages that the main three forms own, which bring it special competitiveness and potential development. The mixed private equity funds have many kinds of specific forms, such as "trust and limited partnership", "corporation and limited partnership" and so on. The writer get the conclusion that the mixed form is the best selection of private equity funds of our country.