Case Study On Post-investment Management Of Private Equity Fund Companies

Private equity investment fund is a form of fund that raises funds in a non-public way and invests in the equity of non listed companies or non-public trading equity of listed companies.China’s private equity investment funds have developed to the present stage,and the scale is already quite large.However,behind the brutal growth and rapid development of private equity funds,there are different post investment management and service capabilities,and the overall level is still relatively low.Therefore,it is necessary to pay more attention to the management after initial investment,realize both pre investment and post investment,and provide more practical and effective value-added services to the investment target enterprises.Under this background,this paper uses the research methods of field investigation,literature research and double subject case analysis,takes two private equity fund companies a and B jointly invested in project m as the research objects,and explores the operation and practice of private equity fund post investment management according to the specific post investment management service categories,in order to explore the potential problems in China’s private equity fund post investment management,And put forward some immature suggestions.The content and structure of this paper are as follows:The first chapter is the introduction,which mainly introduces the research background,research purpose,research significance and research methods.By sorting out the research results of international and domestic experts and scholars on the post investment management of private equity funds,it is found that the internal and external environment for the development of private equity funds in China is quite different from that in foreign countries,and China’s research in related fields still lags far behind that in foreign countries.To solve the practical problems encountered in the post investment management of private equity funds in China,we must combine the actual situation of China’s private equity industry,Research on the post investment management of private equity investment funds.The second chapter expounds the basic connotation of private equity fund and its post investment management.According to the work content,the post investment management of private equity fund mainly includes two parts: risk monitoring management and value-added service management.Then it discusses the role and importance of the post investment management of private equity fund.The third chapter,combined with the current actual situation of private equity funds in China,expounds the current situation of the development of private equity funds’ post investment management,including the current influencing factors restricting the post investment management of private equity funds.At the same time,according to the different operation subjects and implementation methods of post investment management,the post investment management mode is divided into active management and passive management,participatory management and risk control post investment management Individual and team management modes.The fourth chapter is the background introduction of the case.Taking a and B private equity companies’ investment in M project as an example,it introduces the basic information of the investor a and B private equity fund companies in this case,and introduces the basic information of the project party M company.Finally,it also gives the transaction background of a and B private equity fund companies’ investment in M project in the past two years,laying a foundation for the following case analysis.The fifth chapter is the text of the case analysis.Through the foreshadowing of the introduction of the case background in the fourth chapter,this chapter introduces in detail the post investment management modes of a and B private equity fund companies,analyzes the post investment management paths of the two companies from their respective fund organization settings,division of responsibilities,staffing and specific ways of post investment management,and then analyzes and compares the post investment management benefits in combination with the operation of Project M company.At the same time,it also points out the successful experience and shortcomings of the two private equity fund companies after their investment,and points out the root of the problem.In the last chapter,based on the above,we draw the following conclusions:(1)value-added management services help to improve the operation of the invested enterprises;(2)Different post investment management modes have different impact benefits;(3)Post investment management should take a professional and refined development route in combination with its own actual situation.Finally,based on the research results of this paper and the practical work experience,this paper puts forward some immature suggestions for the development of China’s private equity fund post investment management.It is hoped that while China’s private equity investment fund industry ecology is booming,it will pay more attention to the importance of post investment management services,strengthen talent training,improve investment research ability,and make the post investment management more refined,professional and systematic,At the same time,it is also necessary to select a post investment management mode suitable for its own needs in combination with the actual situation,so as to provide the invested enterprise with post investment management services that meet the actual needs in the actual operation,and add more value-added services.