In the contractual private equity fund, each investor has his own investment share, representing their rights and interests in the fund. When the fund needs to be liquidated, the manager will calculate the gains or losses that each investor should get according to the investors' investment shares.

In the process of liquidation, fund managers need to distribute gains or losses to investors as agreed, and must abide by relevant laws, regulations and provisions. At the same time, investors also need to cooperate with the administrator in the liquidation process and provide necessary information.