After 30 years of development, foreign private equity investment funds have become an important financing means after bank loans and IPO. Foreign private equity investment funds are large in scale, with a wide range of investment fields, wide sources of funds and diversified participating institutions. The proportion of private equity investment in GDP in western countries has reached 4% to 5%. So far, there are thousands of private equity investment companies in the world, among which Blackstone, KKR, Carlyle, Bain, Apollo, Texas Pacific, Goldman Sachs, Merrill Lynch and other institutions are outstanding.
In 2006, global private equity funds raised $21500 million from the capital market, and the total investment of global private equity investment funds reached $738 billion, double that of 2005. Among them, there are 9 private equity transactions with a single amount exceeding $654.38+000 billion.
The Development of Private Equity in China
1984- 1990: Chaos Age
Every time the curtain of capital is opened, it is a safe for a few elites and speculators. This field, which most people are unfamiliar with or dislike, is destined to usher in the most primitive and violent speculation in history. ...
1990- 1995: Crazy Times
All kinds of capital forces are quietly brewing, and many people are waiting. Who will be the protagonist of this much-anticipated drama?
1995- 1999: crocodile era
The "327" national debt storm became the prelude before the curtain of securities firm integration was opened. Brokers with Junan as the mainstay have risen one after another, and capital predators such as Jin Yong and Delong have been born one after another. All kinds of Jianghu people are particularly eye-catching in this era.
1999-200 1 year: Black Gold Age
All the stories started with the "May 19" quotation of 1999. "No village is unhappy, no stock is not a village" is the most realistic portrayal of this era.
+0-2005: Value Age
The long bear market makes people calm, and the wave of value investment came into being, silently becoming the new protagonist of this era.
2006-2008: Rational Age
Public Offering of Fund, the manager, emerged as a new force. These "defectors from public offering" stir the rivers and lakes with rational power.
2009: Non-language Age
The normalization of the market makes private placement quietly enter a new era of "a hundred schools of thought contend". On this stage, every family may jump up and perform. At this time, the development path that private investors choose for themselves seems to determine how far they can go in the future.
20 10: the development of the industry has entered a benign track.
At present, there are more than 500 sunshine private placements in the market. Investment stars from all sides have joined in one after another, and the stars in the private equity industry are bright, gradually starting to own their own brands. The scale of domestic private equity funds is generally 30 million to more than 2 billion, and it is estimated that the total scale of private equity has exceeded 50 billion. Although the total scale is still limited, the growth rate is amazing. In addition, in the early years, great changes have taken place in the investment and research team, absolute income concept and marketing. Policy support is also gradually improving the social status of Sunshine Private Equity.
As of 20 10, 12 and 3 1, there are 377 management companies engaged in private equity funds in China, and the number of securities trust products under management is 1234, including 8 open products and 424 structured products, with a total scale of over 650.
Judging from the geographical distribution of private equity funds, most securities private equity fund managers are located in four first-tier cities: Beijing, Shanghai, Guangzhou and Shenzhen. Among them, Shenzhen, Guangzhou and Shanghai all took the first place with 32.02%. Judging from the investment income from 2008 to 20 10, the average rate of return of private equity funds is better than that of Public Offering of Fund in the same period. Specifically, the Shanghai and Shenzhen 300 Index fell by 60% in 2008. In 2009, the Shanghai and Shenzhen 300 Index rose by 96.7 1%. In the same period, Public Offering of Fund's annual income was 50.4 1%, and private equity funds reached 54.92%, which was slightly better than Public Offering of Fund again.