Generally speaking, a partnership equity investment fund shall be dissolved under any of the following circumstances: 1. When the duration of the partnership equity investment fund expires, the partners decide not to operate any more; 2. All investment projects are recovered at maturity; 3. All partners decide to dissolve; 4. Other reasons for dissolution stipulated by laws, administrative regulations and partnership agreements. When the partnership equity investment fund is dissolved, it shall be liquidated by the liquidator. In the order of assets distribution after liquidation, the property of the partnership equity investment fund is distributed to the partners after paying the liquidation expenses, employees' wages, social insurance expenses, statutory compensation and the remaining property after paying the taxes owed and paying off debts.