Legal analysis: the withdrawal of private equity fund refers to the conversion of the equity held by the enterprise into capital in the most efficient way at the right time after the value of the invested enterprise reaches the expected level of private equity investment fund, so as to maximize the income and withdraw from the enterprise, realize the appreciation of capital value or reduce losses.

Legal basis: Article 3 of the Interim Measures for the Supervision and Administration of Private Investment Funds shall follow the principles of voluntariness, fairness, honesty and credibility, safeguard the legitimate rights and interests of investors, and shall not harm the national interests and social public interests.