私募股权基金的运作机制研究外文文献翻译.docxVIP

毕设附件：外文文献 原文+译文 文献出处 Marcus A. The study on the operating mechanism of private equity funds [J]. Strategic Management Journal, 2016, 3(2): 155-165. 原文 The study on the operating mechanism of private equity funds Marcus A Abstract Private Equity fund investment capital belongs to the Private Equity capital (Equity, PE).Private equity capital is also called private equity capital, is through the form of private investment in equity capital of a private enterprise, in the implementation of trading involves taking into account the future exit mechanism, through listing, merger or management repurchase, sell any profit. This paper analyzes the mechanism of private equity funds, funding sources, respectively, organization form and the investment process, etc are discussed in this paper, especially summarizes the advantage of the limited partnership, and probes into the fund self protection mechanisms in the investment process, finally, the characteristics of private equity investment. Key words: Private equity; Limited partnership; Operation mechanism 1 Introduction Private Equity funds belong to financial investors. And the corresponding financial investor is strategic investors. The two is the personification of the private equity capital, representing different motives. Private equity fund as a financial investor, although there is a industry orientation and rich industry experience and resources, but most simply pay, in addition to participate in the enterprises important strategic decision-making, generally do not participate in the daily operation and management, is unlikely to become a potential competitors. Pick out the good management and high growth and has reliable management team investment is critical for them, because once investment, financial investors to invest in their own are often more difficult to control. Many investment funds tend to require they appointed chief financial officer of the joint venture, in order to ensure their under