Fiduciary Duty Regime of Private Fund Managers: Insights from the US Regulatory Experience

With the continuous development of China’s financial market, private equity (PE) funds are playing an increasingly important role in the financial and investment sectors. The fiduciary duties of PE fund managers, who play a central role in the PE market, are of vital importance to the orderly development of the market and the protection of investors’ interests. This article will adopt a comparative research method to explore the connotation and characteristics of the fiduciary duties of PE fund managers, analysis the problems of the fiduciary duties of PE fund managers under China’s current legal framework and put forward corresponding suggestions for improvement, with a view to promoting the sustainable and compliant development of the PE industry.