Abstract: With the deepening and development of capital market in China, PE has been one of the main financing waysfor the enterprises. So research on private equity investment impact on the enterprise has important practical significance.In this paper, we will study private equity investment's influence on the GEM listed company growth.Study found that although overall PE to the enterprise growth without significant role in promoting,Statefunds and foreign funds to the company's growth ability was significantly positive correlation. However,Private funds will not affect the company's growth abilitysignificantly.The results showed that our country shouldintroduce foreign funds actively, and guide the private fund correctly.

Key words: private equity investment, public company, growth