{"id":30269,"date":"2023-12-07T09:07:01","date_gmt":"2023-12-07T09:07:01","guid":{"rendered":"https:\/\/masterskills.org\/blog\/qui-dau-tu-tu-nhan-private-equity-pe-la-gi.html"},"modified":"2023-12-23T06:12:32","modified_gmt":"2023-12-22T23:12:32","slug":"qui-dau-tu-tu-nhan-private-equity-pe-la-gi","status":"publish","type":"post","link":"https:\/\/masterskills.org\/blog\/qui-dau-tu-tu-nhan-private-equity-pe-la-gi.html","title":{"rendered":"Qu\u0129 \u0111\u1ea7u t\u01b0 t\u01b0 nh\u00e2n (Private Equity- PE) l\u00e0 g\u00ec?"},"content":{"rendered":"
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H\u00ecnh minh h\u1ecda. Ngu\u1ed3n: ankhangreal<\/i><\/p>\n<\/figcaption><\/figure>\n

Qu\u0129 \u0111\u1ea7u t\u01b0 t\u01b0 nh\u00e2n<\/font><\/h2>\n

Kh\u00e1i ni\u1ec7m<\/b><\/p>\n

Qu\u0129 \u0111\u1ea7u t\u01b0 t\u01b0 nh\u00e2n<\/b> trong ti\u1ebfng Anh l\u00e0 Private Equity<\/b>, vi\u1ebft t\u1eaft: PE<\/b>.<\/p>\n

Qu\u0129 \u0111\u1ea7u t\u01b0 t\u01b0 nh\u00e2n<\/b> l\u00e0 m\u1ed9t l\u1edbp\u00a0t\u00e0i s\u1ea3n \u0111\u1ea7u t\u01b0 thay th\u1ebf<\/font>,\u00a0bao g\u1ed3m v\u1ed1n kh\u00f4ng \u0111\u01b0\u1ee3c ni\u00eam y\u1ebft tr\u00ean\u00a0s\u00e0n giao d\u1ecbch<\/font>\u00a0c\u00e1c c\u00f4ng ty \u0111\u1ea1i ch\u00fang.<\/p>\n

N\u1ed9i dung<\/font><\/h3>\n

M\u1ed9t qu\u0129 \u0111\u1ea7u t\u01b0 t\u01b0 nh\u00e2n g\u1ed3m:<\/p>\n

(1) C\u00e1c th\u00e0nh vi\u00ean ch\u1ec9 g\u00f3p v\u1ed1n \u0111\u1ec3 l\u1ea5y l\u1eddi v\u00e0 ch\u1ec9 ch\u1ecbu tr\u00e1ch nhi\u1ec7m h\u1eefu h\u1ea1n trong ph\u1ea1m vi ph\u1ea7n v\u1ed1n g\u00f3p v\u00e0o h\u1ee3p danh, kh\u00f4ng \u0111\u01b0\u1ee3c tham gia qu\u1ea3n l\u00ed \u2013 \u0111i\u1ec1u h\u00e0nh (limited partner<\/font>\u00a0– LP)<\/p>\n

(2) Th\u00e0nh vi\u00ean ch\u1ecbu tr\u00e1ch nhi\u1ec7m v\u00f4 h\u1ea1n v\u00e0 c\u00f3 quy\u1ec1n qu\u1ea3n l\u00ed \u0111i\u1ec1u h\u00e0nh qu\u0129 (general partner<\/font>\u00a0– GP).<\/p>\n

Qu\u0129 \u0111\u1ea7u t\u01b0 t\u01b0 nh\u00e2n ch\u1ee7 y\u1ebfu \u0111\u1ebfn t\u1eeb c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 t\u1ed5 ch\u1ee9c v\u00e0\u00a0nh\u00e0 \u0111\u1ea7u t\u01b0 \u0111\u01b0\u1ee3c c\u00f4ng nh\u1eadn<\/font>\u00a0(accredited investor). H\u1ecd l\u00e0 nh\u1eefng ng\u01b0\u1eddi c\u00f3 th\u1ec3 d\u00e0nh m\u1ed9t kho\u1ea3n ti\u1ec1n \u0111\u00e1ng k\u1ec3 trong th\u1eddi gian d\u00e0i. V\u1ed1n c\u00f3 th\u1ec3 \u0111\u01b0\u1ee3c s\u1eed d\u1ee5ng \u0111\u1ec3 t\u00e0i tr\u1ee3 cho c\u00f4ng ngh\u1ec7 m\u1edbi, mua l\u1ea1i, t\u0103ng v\u1ed1n l\u01b0u \u0111\u1ed9ng v\u00e0 c\u1ee7ng c\u1ed1\u00a0b\u1ea3ng c\u00e2n \u0111\u1ed1i k\u1ebf to\u00e1n.<\/p>\n

Trong h\u1ea7u h\u1ebft c\u00e1c tr\u01b0\u1eddng h\u1ee3p, c\u00e1c kho\u1ea3n \u0111\u1ea7u t\u01b0 c\u1ee7a qu\u0129 th\u01b0\u1eddng y\u00eau c\u1ea7u th\u1eddi gian n\u1eafm gi\u1eef d\u00e0i \u0111\u00e1ng k\u1ec3 \u0111\u1ec3 \u0111\u1ea3m b\u1ea3o v\u1ed1n cho c\u00e1c c\u00f4ng ty c\u00f3 t\u00ecnh h\u00ecnh t\u00e0i ch\u00ednh ki\u1ec7t qu\u1ec7 ho\u1eb7c cho ph\u00e9p c\u00e1c s\u1ef1 ki\u1ec7n t\u1ea1o thanh kho\u1ea3n nh\u01b0 ch\u00e0o b\u00e1n c\u00f4ng khai ban \u0111\u1ea7u (IPO) ho\u1eb7c b\u00e1n c\u1ed5 ph\u1ea7n cho c\u00f4ng ty \u0111\u1ea1i ch\u00fang.<\/p>\n

L\u1ee3i \u00edch c\u1ee7a qu\u0129 \u0111\u1ea7u t\u01b0 t\u01b0 nh\u00e2n<\/font><\/h3>\n

Qu\u0129 \u0111\u1ea7u t\u01b0 t\u01b0 nh\u00e2n \u0111em l\u1ea1i m\u1ed9t s\u1ed1 l\u1ee3i \u00edch cho c\u00e1c c\u00f4ng ty v\u00e0 v\u00e0 c\u00e1c c\u00f4ng ty kh\u1edfi nghi\u1ec7p. N\u00f3 \u0111\u01b0\u1ee3c c\u00e1c c\u00f4ng ty \u01b0a chu\u1ed9ng do t\u1ea1o gi\u1ea3i ph\u00e1p thay th\u1ebf cho c\u00e1c c\u01a1 ch\u1ebf t\u00e0i ch\u00ednh th\u00f4ng th\u01b0\u1eddng (v\u00ed d\u1ee5: c\u00e1c kho\u1ea3n vay ng\u00e2n h\u00e0ng l\u00e3i su\u1ea5t cao ho\u1eb7c ni\u00eam y\u1ebft tr\u00ean th\u1ecb tr\u01b0\u1eddng c\u00f4ng khai).<\/p>\n

M\u1ed9t s\u1ed1 h\u00ecnh th\u1ee9c qu\u0129 \u0111\u1ea7u t\u01b0 t\u01b0 nh\u00e2n, ch\u1eb3ng h\u1ea1n nh\u01b0\u00a0qu\u0129 \u0111\u1ea7u t\u01b0 m\u1ea1o hi\u1ec3m<\/font>\u00a0(venture capital), t\u00e0i tr\u1ee3 cho c\u00e1c \u00fd t\u01b0\u1edfng v\u00e0 c\u00e1c c\u00f4ng ty giai \u0111o\u1ea1n \u0111\u1ea7u.<\/p>\n

Trong tr\u01b0\u1eddng h\u1ee3p c\u00e1c c\u00f4ng ty b\u1ecb h\u1ee7y ni\u00eam y\u1ebft, qu\u0129 \u0111\u1ea7u t\u01b0 t\u01b0 nh\u00e2n t\u00e0i tr\u1ee3 v\u1ed1n c\u00f3 th\u1ec3 gi\u00fap c\u00e1c c\u00f4ng ty \u0111\u00f3 th\u1eed nghi\u1ec7m v\u00e0 th\u1ef1c hi\u1ec7n c\u00e1c chi\u1ebfn l\u01b0\u1ee3c t\u0103ng tr\u01b0\u1edfng m\u1edbi m\u00e0 kh\u00f4ng ch\u1ecbu s\u1ef1 theo d\u00f5i c\u1ee7a th\u1ecb tr\u01b0\u1eddng c\u00f4ng khai.<\/p>\n

B\u1ea5t l\u1ee3i c\u1ee7a qu\u0129 \u0111\u1ea7u t\u01b0 t\u01b0 nh\u00e2n<\/font><\/h3>\n

– Kh\u00f4ng gi\u1ed1ng nh\u01b0 th\u1ecb tr\u01b0\u1eddng c\u00f4ng khai, c\u1ed5 ph\u1ea7n c\u1ee7a qu\u0129 c\u00f3 th\u1ec3 kh\u00f3 b\u00e1n b\u1edfi v\u00ec c\u00f3 th\u1ec3 kh\u00f4ng c\u00f3 s\u1eb5n ng\u01b0\u1eddi mua ph\u00f9 h\u1ee3p t\u1ea1i th\u1eddi \u0111i\u1ec3m nh\u00e0 \u0111\u1ea7u t\u01b0 mu\u1ed1n b\u00e1n.<\/p>\n

– \u0110\u1ecbnh gi\u00e1 c\u1ed5 phi\u1ebfu c\u1ee7a m\u1ed9t c\u00f4ng ty b\u1eb1ng v\u1ed1n t\u01b0 nh\u00e2n \u0111\u01b0\u1ee3c x\u00e1c \u0111\u1ecbnh th\u00f4ng qua c\u00e1c cu\u1ed9c \u0111\u00e0m ph\u00e1n gi\u1eefa ng\u01b0\u1eddi mua v\u00e0 ng\u01b0\u1eddi b\u00e1n ch\u1ee9 kh\u00f4ng ph\u1ea3i b\u1edfi cung c\u1ea7u th\u1ecb tr\u01b0\u1eddng nh\u01b0 c\u00e1c c\u00f4ng ty ni\u00eam y\u1ebft c\u00f4ng khai.<\/p>\n

– Quy\u1ec1n c\u1ee7a c\u00e1c c\u1ed5 \u0111\u00f4ng th\u01b0\u1eddng \u0111\u01b0\u1ee3c quy\u1ebft \u0111\u1ecbnh tr\u00ean c\u01a1 s\u1edf t\u1eebng tr\u01b0\u1eddng h\u1ee3p th\u00f4ng qua c\u00e1c cu\u1ed9c \u0111\u00e0m ph\u00e1n ri\u00eang thay v\u00ec th\u00f4ng qua h\u1ecdp h\u1ed9i \u0111\u1ed3ng qu\u1ea3n tr\u1ecb nh\u01b0 c\u00e1c c\u00f4ng ty ni\u00eam y\u1ebft c\u00f4ng khai.<\/p>\n

C\u00e1c qu\u0129 \u0111\u1ea7u t\u01b0 t\u01b0 nh\u00e2n ki\u1ebfm ti\u1ec1n nh\u01b0 th\u1ebf n\u00e0o?<\/font><\/h3>\n

Ngu\u1ed3n doanh thu ch\u00ednh c\u1ee7a c\u00e1c qu\u0129 \u0111\u1ea7u t\u01b0 t\u01b0 nh\u00e2n l\u00e0 ph\u00ed qu\u1ea3n l\u00ed v\u00e0 ph\u00ed hi\u1ec7u qu\u1ea3 ho\u1ea1t \u0111\u1ed9ng. M\u1ed9t s\u1ed1 c\u00f4ng ty t\u00ednh ph\u00ed qu\u1ea3n l\u00ed 2% h\u00e0ng n\u0103m \u0111\u1ed1i v\u1edbi t\u00e0i s\u1ea3n \u0111\u01b0\u1ee3c qu\u1ea3n l\u00ed v\u00e0 20% l\u1ee3i nhu\u1eadn thu \u0111\u01b0\u1ee3c t\u1eeb vi\u1ec7c kinh doanh c\u1ee7a c\u00f4ng ty.<\/p>\n

(Ngu\u1ed3n tham kh\u1ea3o: Investopedia<\/i>)<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

\n Qu\u0129 \u0111\u1ea7u t\u01b0 t\u01b0 nh\u00e2n (ti\u1ebfng Anh: Private Equity- PE) l\u00e0 m\u1ed9t l\u1edbp t\u00e0i s\u1ea3n \u0111\u1ea7u t\u01b0 thay th\u1ebf, bao g\u1ed3m v\u1ed1n kh\u00f4ng \u0111\u01b0\u1ee3c ni\u00eam y\u1ebft tr\u00ean s\u00e0n giao d\u1ecbch c\u00e1c c\u00f4ng ty \u0111\u1ea1i ch\u00fang.\n <\/div>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[417],"tags":[],"_links":{"self":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts\/30269"}],"collection":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/comments?post=30269"}],"version-history":[{"count":0,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts\/30269\/revisions"}],"wp:attachment":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/media?parent=30269"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/categories?post=30269"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/tags?post=30269"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}