1. Start preparing to register the XX equity private equity fund (hereinafter referred to as the fund).

First of all, the person who intends to launch the fund (natural person or legal person) chooses to be the fund sponsor independently or jointly with friends (unlimited number, legal person or natural person, but at least one natural person).

Then the sponsors jointly choose several ideal names as the names of the future fund, then choose who will be the managing partner of the fund, the investment direction of the fund, the amount of funds raised in the first phase of the fund (the sponsors need to prepare 65,438+0% of the total funds raised), and finally determine the working place after the fund is established (with the support of the local government).

2. After the above materials are prepared, the sponsors start to set up a preparatory group or committee for private fund raising, and define the members and division of labor.

3. Determine the target and investor groups raised by the fund (see the article "Revealing the profit model of PE" for details), that is, the range of investors (limited partners) to be introduced by the fund.

4. Make relevant documents, including but not limited to: initial contact email, fax content, or telephone contact content; Introduction of fund management team and fund investment direction; Draw up the name of the fund and make the prospectus; Prepare a partnership agreement.

5. Contact and contact with fund investment groups, explore investors' willingness to invest, and send instructions for raising funds to interested parties.

6. Hold a briefing to confirm the initial intention of the participants to subscribe for shares and make statistics.

7. Further communicate with interested investors, sign the confirmation letter of subscribed capital contribution, and judge whether it meets the establishment criteria (the subscribed capital contribution reaches more than 70% of the scheduled fundraising amount).

8. If it meets the establishment criteria, the fund recruitment preparatory group or preparatory committee will start registration and name pre-examination at the industrial and commercial bureau in the designated area. At the time of pre-approval, it shall be filed according to the limited partnership. Finally, the fund is stated in the business license as: XX Investment Management Center or XX Investment Company (limited partnership).

9. At the same time of pre-signing, if the fund partners are willing, they can start planning to contact the local government departments in charge of finance to win the support of the local government for the establishment of the fund (65438+ 00%-20% of the total fund free of charge).

Step two:

After the name of 1. is approved in advance, the first shareholders' meeting of the fund will be held to confirm various legal documents necessary for the establishment and development of the fund. Initiate the establishment of a fund investment decision-making committee. Determine the articles of association and personnel of the fund investment decision-making Committee and confirm the external fund management company.

2. The managing partner of the Fund and the external fund management company shall prepare all the materials required by the Fund at the time of industrial and commercial registration (including: capital contribution confirmation, partnership agreement, enterprise establishment registration, power of attorney, proof of office location, copy of enterprise ID card or business license, photos of managing partners, etc.). );

3. After the materials are prepared, the executive partner and the external fund management company are responsible for submitting all the registration materials to the industrial and commercial department to complete the registration;

4. The person-in-charge of the fund investment decision-making committee, the executive partner and the person-in-charge of the external fund management company make substantive contact with the competent government department, and submit the fund establishment plan and the support plan that the government wants to give to the government. If the fund can get the support of the government, it can get substantial help in many businesses in the future (matching funds given by the government; With the help of the government, banks provide matching loans; Low-priced land granted with the assistance of the government; Financial subsidies given by the government in national policies; Tax incentives, etc. ), if we want the fund to be supported by the government, the plan to set up the fund can be written that the direction we are going to invest is consistent with the future development direction of the government.

5. Select the custodian bank for the future fund investment, contact the bank and sign the intention agreement.

Step 3:

1. The fund obtains a business license, opens a bank account and completes the tax registration procedures of the fund;

2. The external fund management company and the person in charge of the investment decision-making committee * * * discuss the external press conference for planning the establishment of the fund;

3. Continue to contact the government financial authorities to confirm the government's support for the Fund.

Step 4:

1. The planning of the fund conference was completed, and the operation schedule, implementation plan and objectives of the conference were approved by the investment decision-making committee;

2. The meeting will be operated and implemented by an external fund management company;

3. The external fund management company seeks and confirms the first investment direction of the fund in the future and submits the basic information of the project to be invested to the investment decision-making committee.

Step five:

1. The external fund management company conducts due diligence on the proposed investment project, makes corresponding investment feasibility study and business plan and submits them to the investment decision-making committee for discussion;

2, the investment decision-making committee to understand the whole situation of the proposed investment projects and conduct research;

3. At the same time, the external fund management company began to build a copy of the fund company's internal management system;

4. External fund management companies began to conduct comprehensive project contact, investigation and research on the investment direction;

5. External fund management companies began to establish a comprehensive fund operation management system process (personnel) preparation.

The sixth step and its follow-up work:

1. After the investment decision-making committee selects the project, it can generally notify the custodian bank to make investment preparation after obtaining the consent of more than two-thirds of the members;

2. The chief financial officer appointed by the fund management company and the fund * * * enters the proposed investment project, and the chief financial officer has a veto power over the project funds;

3. The chief financial officer submits the capital flow to the investment decision-making committee every week, conducts regular audits on investment projects every month, and invites external independent audit firms to issue independent audit reports on the projects every quarter;

4. The managing partner and the investment decision-making committee began to contact the existing capital market in a large area to obtain information, learn experience and integrate resources;

5, the fund management company to assist the investment decision-making committee to continue professional learning, improve the overall financial professional level of members.