私募业再现“双百”盛况 47家量化机构成主力军

Core Insights - The private equity fund sector is experiencing a new wave of expansion, with the number of private equity funds exceeding 100 for the first time in over a year, reaching 101 as of October 22, 2025, up from 91 in late August 2025 [1][4][5] Group 1: Growth of Private Equity Funds - The number of private equity funds in the "billion club" has increased by 10 since August 2025, with new entrants including Zhengying Asset, Kaishi Private Equity, Taibao Zhiyuan (Shanghai) Private Equity, and Dadao Investment [1][4] - The resurgence of the private equity sector is attributed to the stabilization and recovery of the A-share market, which has led to improved returns on equity assets [5][8] Group 2: Shift in Private Equity Landscape - Quantitative private equity funds have become the dominant force within the "billion club," with 47 out of 101 funds (46.53%) employing quantitative strategies, surpassing subjective strategy funds [6][8] - The number of quantitative private equity funds has nearly doubled since the end of 2021, indicating a significant shift in investment strategies within the sector [6] Group 3: Industry Consolidation - The private equity industry is experiencing accelerated consolidation, with a notable concentration of resources among top-performing funds [7][8] - In the first three quarters of the year, 8,935 private equity securities products were registered, with 2,322 private equity managers, of which 26 managed over 40 products, accounting for 18.5% of total registrations [7]