The Study Of Private Equity Funds Management With International Experiences And Domestic Mode

PE (Private Equity), generally refers to the way of collective investment which fund by private equity. Private Equity Funds refer to the funds which invest private companies'equity.After the Finance Crisis in 2007, China's PE once to meet the cold, and began to get warmer gradually in 2009. As of the end of 2014, China's PE Fund raised $631.29 billion totally and the number of newly raised funds reached the 448, close to twice the number in 2011. In 2005, the number of PE Funds in our country is about 200, and in 2013, this figure had reached the 10000.The subject of this article is to improve the China's private equity investment in the summary of international management experience, comparing the history of the development of domestic and foreign private equity industry. Through the angles of fundraising, investing, managing and quitting, this article compares the performance of practical operation of domestic and foreign private equity funds. Through comparative study, the author found that foreign private equity industry is a gradually maturing process, the development of private equity investment experiences several ups and downs, with the maturity of supervision and operations, finally came to today's prosperity.For the supervision side, the international private equity industry regulator more tends to combine the government regulation and industry self-regulation. For the practical side, the various regions choose different investment strategies because of the different market maturity and regulatory environment. Taking fund-raising for example, the main money supplier in the US is commercial pension insurance, while in China is mainly through cooperation with listed companies or high net worth individuals. In the US, funds mainly invest mergers and acquisitions in the mature industry, and in China, Pre-IPO and venture capital are the most common choices.