RMB Funds vs. USD Funds: Limited Partnership Agreement Benchmarking Report 2011 An exclusive and professional comparison between RMB Funds and USD Funds!
Order form download Sample download	In recent years, with the growth of RMB funds and changes in industrial policies, the Venture Capital and Private Equity (“VC/PE”) industry in China is experiencing two important development trends. The first trend is managing both RMB and USD funds becoming a major development strategy; the second trend is that limited partnership has become the mainstream pattern of RMB funds. Based on the two important development trends, CVCA surveyed and interviewed many VC/PE firms from June to September 2011 to obtain firsthand data and information. According to the survey and interviews, the research team of CVCA has completed this report.
The report compares the similarities and difference into the principle terms and conditions of the limited partnership agreements of RMB funds and USD funds. We hope that this report can be helpful and valuable to VC/PE institutions for fundraising, formulating and signing limited partnership agreement and share the best practice of Chinese limited partnership funds to the whole industry. The main content of the report is as follows: Introduction of the Survey Key Findings Survey Results 　　- Fundraising 　　- Investment 　　- LP Issues 　　- GP Issues 　　- Management Fee 　　- Profit Sharing and Distribution 　　- Fund Governance The View from Abroad Price for printed versions Chinese version English version CVCA Members RMB800 / HKD1,000 / USD130 RMB1,200 / HKD1,500 / USD180 Non-members RMB4,800 / HKD6,000 / USD780 RMB7,200 / HKD8,800 / USD1,200 Note: Orders are inclusive of postage charges.

Please contact us: Phone: +86 10 8518 3584-802 (Ms. Esther) Email: esther@cvca.org.cn Fax: +86 10 8515 0835