A Private Equity Management Company's B Fund Equity Investment Case Analysis

In recent years,with the development of China's real economy becoming better and better,the capital market system is becoming more and more perfect,among which there is a force that can not be neglected.Private equity investment has helped a lot of the real economy.It not only promotes the rapid accumulation of wealth of small and medium-sized enterprises,but also promotes the rational allocation of social resources.The next ten years,the core will drive force of China's economic development to the industrial structure adjustment and technological innovation.Every industry will be the emergence of a large number of emerging enterprises.in the "public entrepreneurship,innovation" driven by the wave,there are a large number of independent innovation project came into being due to more and more people are doing business.Demand for financing will continue to grow,and a large number of private equity funds are participating in boosting the growth of good companies.Through the help of PE financial capital,excellent representative enterprises will become the emerging force of the mainland capital market.Because the project cycle is long and the amount is huge,private equity investment is often accompanied by huge risks.Therefore,fund's managers always do detailed diligence before investment.Only in this way could managers get a comprehensive understanding of products,markets,and financial situations and so on.After investigation,they will make a value evaluation and make the big decision.This process requires accurate assessment,in the face of massive projects,how to identify a variety of risk investment projects,the effective risk control of private equity investment,identify the real investment value of enterprises,has become an important topic of great concern in the industry.In this paper,A private equity investment projects in the management of the company's B fund as an example,on the part of private equity investment analysis,summed up some experience in PE investment links,how to fund management companies and finance companies to obtain a win-win.The innovation of this paper is: under the condition that the project is known,select two groups of different operating conditions enterprise to carry out project comparison.Looking for the main reasons and Countermeasures of the fund manager's improper investment and the improper equity financing.This article focuses on the fourth chapter of the two case studies,of which,the second case is specifically for the Pre-IPO project launched project analysis.Compared with the first case,more of the management team,calendar year financing,related party transactions three angles of analysis.In this paper,the two cases are focused on each other,hoping to better provide a more comprehensive reference for private equity institutions and financing enterprises in the investment and equity financing.