私募股权基金业务运作流程分析
发布时间:2018-01-12 18:48
本文关键词:私募股权基金业务运作流程分析 出处:《天津大学》2013年硕士论文 论文类型:学位论文
【摘要】:自改革开放以来以来,我国经济以每年10%以上的迅猛速度向前发展。20世纪90年代,我国建立了证券市场,经过20几年的不断完善,刺激了私募股权投资行业在中国的迅猛发展。越来越多的私募股股权基金如雨后春笋般大量涌现,参与到我国的经济发展建设中来,并依靠不同的管理方法、经营模式和退出机制获得了丰厚的回报。这些从事私募股权投资的人们极大地改善和丰富了自己的生活,其中又有许多成为了超级富豪。他们变成了媒体的宠儿,成为了人们羡慕和竞相追逐的对象。同时,我国的许多非常有发展潜力的中小型企业也因为他们的出现而能够渡过资金的难关,实现跨越式的发展。但是,我们还应当有一个清醒的认识那就是我国私募股权基金的发展正处于刚刚起步阶段,许多方面还需要改善和发展,特别是在私募股权投资流程方面更加需要提升。私募股权基金的业务流程通常分为六大环节,即融资、选项、投资、管理、退出、分配。实际操作中将关联性较大的环节合并,将私募股权基金业务流程分为三个过程,即募资过程、投资过程(由选项、投资和管理环节合并)以及清算过程(由退出和分配环节合并)。本文将分三个章节对私募股权基金的募资过程、投资过程,和清算过程进行描述,进一步阐明和分析私募股权基金整体的业务运作流程。
[Abstract]:Since the reform and opening up, China's economy has been moving forward at a speed of more than 10% per year. In 90s, China established a securities market, which has been continuously improved for more than 20 years. Stimulate the rapid development of the private equity investment industry in China. More and more private equity funds are springing up in large numbers, participate in the economic development of our country, and rely on different management methods. Business models and exit mechanisms have paid off handsomely. These private equity investors have greatly improved and enriched their lives. Many of them have become super-rich. They have become media favorites. They have become the object of envy and competition. At the same time. Many small and medium-sized enterprises with great potential for development in our country have also been able to tide over the financial difficulties and achieve leapfrog development because of their emergence. We should also have a clear understanding that the development of private equity funds in China is in its infancy, and many aspects still need to be improved and developed. In particular, the private equity investment process needs to be improved. The business process of private equity funds is usually divided into six parts, that is, financing, options, investment, management, exit. In practice, the business process of private equity fund is divided into three processes, namely, the process of raising funds, the process of investment (by options). Investment and management link merger) and liquidation process (by exit and distribution link merger. This paper will be divided into three chapters to describe the private equity fund fund-raising process, investment process, and liquidation process. Further clarify and analyze the whole business operation process of private equity fund.
【学位授予单位】:天津大学
【学位级别】:硕士
【学位授予年份】:2013
【分类号】:F832.51
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