Legal analysis: the proportion of investment income in private equity industry is generally 20% of the net investment income of partnership enterprises, and 80% is owned by limited partners. But different companies and different projects will be slightly different. Generally speaking, according to the characteristics of the bidding industry and the income base when the target project exits, different proportions of performance awards need to be charged.

Legal basis: Interim Measures for the Supervision and Administration of Private Investment Funds

Article 3 Private equity fund business shall follow the principles of voluntariness, fairness, honesty and credibility, safeguard the legitimate rights and interests of investors, and shall not harm the national and social public interests.

Article 4 Private equity fund managers and institutions engaged in private equity fund custody business (hereinafter referred to as private equity fund custodians) manage and use private equity fund property, and institutions engaged in private equity fund sales business (hereinafter referred to as private equity fund sales institutions) and other private equity fund service institutions shall fulfill their duties and fulfill their obligations of honesty, credibility, prudence and diligence.

Private equity fund practitioners shall abide by laws and administrative regulations, and abide by professional ethics and codes of conduct.