百亿元级私募机构前8个月“战绩”揭晓

Core Insights - The number of private equity firms in China with assets exceeding 10 billion yuan has reached 91 as of August 31, 2025, indicating continuous industry expansion [1] - Among these, 45 are quantitative private equity firms, accounting for 49.45% of the total, while 39 are subjective firms, making up 42.86% [1] - The average return of products from 57 billion-yuan private equity firms in the first eight months of this year was 24.99%, with all achieving positive returns [1][2] Group 1 - The quantitative private equity firms have shown superior performance, with an average return of 28.07% across 37 firms, all achieving positive returns [2] - Factors contributing to the strong performance of quantitative firms include market volatility, accelerated sector rotation, and a favorable small-cap style [2] - The liquidity in the A-share market has remained ample, with daily trading volumes consistently above 1 trillion yuan, facilitating the implementation of quantitative strategies [2] Group 2 - In August, the A-share market experienced a notable rebound, leading to improved performance for subjective private equity firms, which recorded an average return of 19.59% across 16 firms [2] - Four subjective firms achieved average returns exceeding 30% [2]