全球私募权益资本发展的特点和新趋势

The Development of Global Private Equity:Its Characteristics and New Trends

近十年来私募权益资本在全球范围内迅速增长,从一个美国独有的现象发展到了那些从未有过私募权益资本的地方。而各地区在引入和培育私募权益资本的同时也形成了很多自身的特点。在全球金融危机的冲击下,私募权益资本的增长受挫,但其主体在新的市场环境下如何应对、调整和继续发展则引人关注。本文在总结近十年全球各主要地区私募权益资本发展特点的基础上,探讨了私募权益资本市场结构和交易方式的新变化以及全球金融危机对私募权益资本的影响。

Private Equity is only an American phenomenon in the past time,and now it becomes an important part of capital market in many countries and regions.Global Private Equity faces a difficult environment because of the current global financial crisis.How to response and make sound measures will be particular interest.This paper casts an objective review of the characteristics of Global Private Equity in recent ten years and explores the changes of market structure and transaction,then highlights the challenges and opportunities of the Global Private Equity industry.