投资私募100万只剩55万，法院发布白皮书警示投资者

Core Viewpoint - The Nanjing Jianye Court has released a white paper on the adjudication of private equity fund cases, highlighting the court's efforts to guide the private fund industry towards standardized development through judicial rulings [1]. Group 1: Overview of Private Equity Fund Development - Jianye District has become a key financial center in Nanjing, gathering over 600 registered private equity funds and managers, with a total registered scale exceeding 250 billion yuan [3]. - To ensure high-quality development of the regional financial industry, the Jianye Court's Financial Tribunal was established on January 26, 2022, to handle commercial contract disputes and tort liability disputes related to fund managers, custodians, sales institutions, and other fund service entities [3]. Group 2: Case Handling Statistics and Characteristics - From 2022 to 2025, the Financial Tribunal has accepted 179 cases related to private equity fund disputes, with 138 cases concluded [4]. - The main characteristics of the cases include: 1. Distinct identities of the parties involved, with 80% of plaintiffs being individual investors with varying risk awareness and investment experience, while defendants include a diverse range of entities such as fund managers and sales institutions [4]. 2. High incidence of disputes during the exit phase, indicating that risks are present throughout the entire process of fundraising, investment, management, and exit [4]. 3. An increase in cases involving both civil and criminal liabilities, complicating fact-finding and judicial procedures [4]. Group 3: Recommendations for Improvement - The court recommends strengthening source governance measures and enhancing regulatory effectiveness throughout the process, emphasizing the importance of management and sales responsibilities and adherence to fiduciary duties [5]. - There is a call to improve risk awareness and guide investors towards rational rights protection [5]. Group 4: Typical Case Example - A case was highlighted where a fund manager knowingly promoted a fund to an unqualified investor, resulting in a court ruling that the fund management company must compensate the investor over 240,000 yuan for losses incurred [6].