Proceedings of the 2nd International Conference on Educational Development and Social Sciences (EDSS 2025)

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Exploring High Net Worth Individuals Influencing on Return of Private Equity Funds

Authors
Junhao Zhao1, *, Michael Gates2, Xiaohong Zhang1
1Wenzhou Business College, Wenzhou, Zhejiang, 325035, PR China
2Said Business School, University of Oxford, Oxford, W1C, OX1 1HP, UK
*Corresponding author. Email: Martin.zhaojunhao@qq.com
Corresponding Author
Junhao Zhao
Available Online 15 May 2025.
DOI
10.2991/978-2-38476-400-6_37How to use a DOI?
Keywords
high net worth individuals (HNWI); private equity funds; investment returns
Abstract

This paper systematically studies the influence of high net worth individuals (HNWI) on the return of private equity investment in China, based on the three-factor model of fund size, fund staging and fund type of Professor Kaplan in MIT, this paper makes modification and improvement, and constructs a seven-factor model based on the variables of investor structure (high net worth individuals), size, industry, region, investment period, exit method and fund type. It is found that investment returns are better when the proportion of high net worth individuals in the investor mix is higher than 50%. When investors are mainly high net worth individuals, GPs should fully understand the characteristics of such high net worth individuals, such as whether they belong to the senior management of the enterprise or the first generation of wealth creation entrepreneurs, and provide different PE products according to the characteristics of different high net worth individuals.

Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2nd International Conference on Educational Development and Social Sciences (EDSS 2025)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
15 May 2025
ISBN
978-2-38476-400-6
ISSN
2352-5398
DOI
10.2991/978-2-38476-400-6_37How to use a DOI?
Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Junhao Zhao
AU  - Michael Gates
AU  - Xiaohong Zhang
PY  - 2025
DA  - 2025/05/15
TI  - Exploring High Net Worth Individuals Influencing on Return of Private Equity Funds
BT  - Proceedings of the 2nd International Conference on Educational Development and Social Sciences (EDSS 2025)
PB  - Atlantis Press
SP  - 300
EP  - 308
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-38476-400-6_37
DO  - 10.2991/978-2-38476-400-6_37
ID  - Zhao2025
ER  -