Research on Valuation of Venture Capital Fund Shares:A Case Study Based on the Transfer of State-owned Fund Shares
Venture capital fund is an important part of the financial industry,and as a link between the real economy and the financial market,it can promote the upgrading of the industrial structure,enhance the competitiveness of national innovation,and contribute to the reform of the economic system.With the continuous development of venture capital funds,there is an increasing demand for fund share transfers,and a more mature market-based pricing mechanism is urgently needed.This paper selects the valuation case of Bank A's proposed transfer of G fund share to provide a detailed introduction to the reasoning behind valuation and valuation process of the asset-based method in the valuation of venture capital fund share.We also extends the analysis of the case from the three aspects:the difficulties in valuation of venture capital fund share,the selection and precautions of valuation methods,and the selection and application of valuation methods of unlisted equity shares.This paper can contribute to the practical development and systematic improvement of the valuation of venture capital fund shares.
Venture capital fundPrivate equity fundShare valuationShare transfer
NETL
NSTL
万方数据
