年内私募分红逾140亿元，股票策略成分红主力

Core Insights - The private equity fund market has seen significant dividend activity in 2025, with 1,038 products distributing a total of 14.085 billion yuan, averaging a dividend ratio of 27.59% [1][2] Dividend Distribution by Strategy - Stock strategy funds are the primary contributors to dividends, with 752 distributions, an average ratio of 31.80%, and a total of 10.735 billion yuan, accounting for 76.22% of total dividends [1][3] - Multi-asset strategy funds have distributed dividends 190 times, with an average ratio of 23.78% and a total of 1.267 billion yuan, representing 9.00% of total dividends [1][3] - Futures and derivatives strategies and bond strategies have similar total dividend amounts, with 155 and 140 distributions respectively, totaling 933 million yuan and 880 million yuan, accounting for 6.63% and 6.25% of total dividends [1][3] - Subjective private equity products have shown more active dividend distribution, with 848 distributions, an average ratio of 28.88%, and a total of 9.415 billion yuan, representing 66.84% of total dividends [3][5] - Quantitative private equity products, despite strong performance, have lower dividend activity, with 443 distributions, an average ratio of 25.24%, and a total of 4.670 billion yuan, accounting for 33.16% of total dividends [4][5] Performance of Large Private Equity Firms - Private equity firms with over 10 billion yuan in assets have been the main contributors to dividends, with 131 distributions, an average ratio of 34.62%, and a total of 4.999 billion yuan, representing 35.49% of total dividends [6][7] - Among these, the subjective private equity firm "Rizhou Investment" has the highest dividend activity, with 14 distributions totaling 2.812 billion yuan [6][9] Smaller Private Equity Firms - Smaller private equity firms (0-5 billion yuan) have also been active, with 667 distributions, although the average ratio is lower at 25.97%, totaling 2.918 billion yuan, which accounts for 20.72% of total dividends [8][9]