The More Equity Investment Funds Are, The More Investors Need Sober Minds.

The most recent suffering is undoubtedly the institution that is deeply troubled by music.

According to incomplete statistics, in addition to 39 public funds, there are 48 private equity funds to invest in music to different degrees, and 38 of them are private equity funds.

If we count investment in sports as private equity funds, this figure will be more.

This highlights the problems of the rapid development of the private equity fund industry.

Since the implementation of the filing system, the scale of private equity fund has increased from 1 trillion and 600 billion yuan in early 2015 to 5 trillion and 800 billion yuan at the end of June this year.

Especially in the past two years, the stock market has undergone a round of bull and bear rotation.

With the gloomy opportunities, many high net worth customers have begun to enter the field of equity investment, and have driven large amounts of capital into the equity venture capital market.

With the normalization of IPO and the smooth access of listed companies, the scale curve of private equity funds is upward at a 45 degree slope.

With the rapid development of private equity funds, some problems also follow.

The first is short-term investment.

Investment is originally a long-term investment, but now the short-term trend is becoming more and more obvious. Many venture capital funds have entered the new three board pfer board company, aiming at the Pre-IPO project.

In this regard, some experts pointed out that China's venture capital fund should not continue to use the name of the so-called equity investment fund to narcotic itself, or rely on Pre-IPO investment to support future development.

Followed by free riders, price differentials and leverage.

Not long ago, Hong Lei, President of the China Securities Investment Fund Industry Association, said at a forum that, for private equity funds, the functions were inadequate.

Hidden dangers are mainly reflected in two aspects: first, a large number of private equity funds are mainly based on growth investment or private placement, passively holding shares, less participating in the development strategy and business decisions of enterprises, not giving full play to the professional value of enterprise reorganization and integration of industrial resources, simply obtaining the return on the spread of market price or relying on the gambling clause to keep the investment income. Two, there is a lack of solid foundation for trust relationship between M & A fund and investors, imperfect M & a market information disclosure mechanism, a large number of short-term funds in the form of leverage, and lack of long-term funds as the capital of mergers and acquisitions, which limits the development of M & a funds.

Again, some private equity funds are obsessed with the two - level market or even a disguised investment P2P.

As a matter of fact, some equity investment funds have been deeply involved in the two tier market and even listed companies.

In addition, we try to get private equity funds with other financial licenses, and private equity funds that run away from them are in disguised form for P2P.

The more equity investment funds are, the more investors need to be clear headed.

At the same time, the private equity industry needs to strengthen industry self-discipline, promote private equity funds to return to their original sources, and give full play to the value creation function of venture capital and equity investment.

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