Research On The Organizational Form Of Private Equity Fund

With its rapid development and growth, private equity funds have promoted the development of the financial industry and improved the financial and economic system. However, due to its free development, all kinds of problems emerge endlessly, such as tunneling and running away with money. Therefore, regulator and self-discipline organization-Asset Management Association of China started to rectify the industry chaos since 2015. First, private equity funds and its managers were prohibited to be listed on the New Third Board. Second, in order to solve all kinds of problems, Asset Management Association of China promulgated a series of self regulatory rules. By all these measures.Government and Asset Management Association of China want to promote the healthy development of the private equity fund industry. This article takes the reorganization of the private equity fund as an opportunity to explore the existing problems in the development of the industry. The purpose of this article is to find a way to solve these problems and promote the development of the private equity fund industry.The thesis consists of four chapters.The first chapter presents a general introduction of the private equity fund. This chapter is divided into two sections. The first section mainly introduces the definition, type and legal nature of the private equity fund. The second section researches the development and legislation of private equity fund in different countries and regions. China can learn from their failures and successful experiences.The second chapter is the analysis of the operation characteristics and problems of the private equity fund. This chapter is also divided into two sections. The first section is the analysis of the operating characteristics of private equity funds, including the limited partnership, the corporate and trusts. The second section introduces different problems which the three different forms of private equity funds face. Fore example, such problem as internal control risk and issue of taxation exist in Limited Partnership Private Equity Funds. Company Private Equity Funds faces double agency and taxation. And Contractual Private Equity Fund also encounters the risk of regulation and tax.The third chapter discusses how to choose the form of private equity fund. When we establish a private equity fund, the fist thing we must do is to choose an appropriate form. This chapter analyses the advantages and disadvantages of the three different forms of private equity funds.According to our conditions and needs, we can choose what is suitable for us.The fourth chapter puts forward some suggestions on the organization form of private equity funds. Combining the problems, which the three different forms of private equity funds have, with the legal environment of the whole industry together, this article puts forward some suggestions to solve these problems.