百亿私募成绩单出炉：平均收益近25%，量化私募霸榜

Group 1 - The number of private equity firms with over 10 billion yuan in assets has reached 91 as of August 31, 2025, with Shanghai's Nianjue Private Equity being the latest addition [1] - Among these, 45 are quantitative private equity firms, accounting for 49.45%, while 39 are subjective firms, making up 42.86% [1] - The majority of these firms are concentrated in Shanghai and Beijing, which together account for 70% of the total [1] Group 2 - The average return for 57 private equity firms with performance data is 24.99% year-to-date, with all achieving positive returns [2] - 37 quantitative private equity firms have an average return of 28.07%, with 31 of the 40 firms that exceeded 20% returns being quantitative [2] - Notable firms with strong performance include Fusheng Asset, Stable Investment, and Abama Investment [2] Group 3 - The strong performance of quantitative private equity firms in 2025 is attributed to favorable market conditions, including wide fluctuations in A-shares and a focus on small-cap stocks [3] - Systematic operations of quantitative strategies help mitigate emotional interference, allowing for stable performance amid volatility [3] - Enhanced adaptability of strategies and abundant market liquidity have also contributed to the success of these firms [3]