近十年,股权投资、基金管理等新型经济组织(或形式)活跃于资本市场、证券市场,在政策效应与财富诱惑双重作用下,行业发展波澜壮阔。相较于公募基金的规范程度,私募基金门类众多,运行灵活,良莠不齐,行业的健康发展仍非常艰辛。本文拟从基金财务“融、投、管、退”四个重要环节,以企业上市前股权投资基金的全程运行为对象,总结股权投资基金财务组织与运行情况,以供参阅。 In the past ten years, new economic organizations (or forms) such as equity investment and fund management have been active in capital markets and securities markets. Under the dual effects of policy effects and the temptation of wealth, the development of the industry has been booming. Compared to the level of regulation of raised funds, there are many types of private equity funds and their operation is flexible. The healthy development of the industry is still very difficult. This article intends to summarize the financial organization and operation of equity investment funds for reference from the four major aspects of fund finance, including financing, investment, management and retirement, and the whole operation of the listed equity investment funds prior to the listing.