Research On The Factors Affecting The Income Of Private Equity Investment In The New Third Board

With the rapid development of China's economy,China's multi-level capital market is being established.PE,which provides financing for SMEs,is a private equity investment industry that has achieved rapid development and the industry is maturing.The National SME Share Transfer System,that is,the New Third Board Market as an important component of China's multi-level capital market,provides a financing and normative development platform for SMEs in China,in particular,the introduction of the New Third Board Stratification and Market Making System.The new three boards matured.As a new type of financial investment,private equity funds currently have relatively little research on the exit earnings of private equity investment companies.The relevant literature is based on the sample of China's small and medium-sized companies and GEM companies,and affects private equity.The research on the efficiency of equity investment in new third-tier companies is even rarer.Researching this issue can effectively fill up the response of private equity investment to the emerging financial products of the New Third Board,and at the same time,it can also enhance our understanding of private equity investment.Through the research on the related factors that affect the private equity investment in the investment income of the New Third Board,it is expected that the domestic private equity institutions will invest in the New Third Board to provide corresponding recommendations.In this article,Everbright Holdings invests in Yida Chemicals as an example.It is analyzed that improving the investment income of private equity investment in new Third Board enterprises requires focusing on value-added services,risk control,and exit strategies.In terms of the value-added of the enterprise,private equity investment institutions should implant resources for the enterprise so as to realize the value-added of the enterprise.When investing in an enterprise,private equity funds should lock in risk by signing appropriate valuation adjustment agreements with companies.According to the investment holding period,risk can be controlled by signing multiple agreements.At the same time,attention should be paid to the supervision of enterprises.There are various ways for private equity institutions to withdraw.Private equity institutions,while screening enterprises,match targeted exit strategies according to the characteristics of the company and reduce the impact of exit risk factors.This article has two aspects of innovation,the first is the research object for the new three board companies,to achieve innovation in the perspective of the study,and second,through the systematic research methods,research for the enterprise to provide value-added services,risk management and exit strategy for the final investment income Impact.