百亿级私募再扩容 数量增至108家

Core Insights - The number of billion-level private equity firms has increased to 108 as of October 28, 2025, with a notable rise in quantitative private equity firms [1] - Among the new entrants, 31 firms joined the billion-level category, with 18 being quantitative and 9 being subjective [1][2] - The average return of 70 billion-level private equity firms this year is 30.49%, with 98.57% achieving positive returns [3] Group 1: Growth of Billion-Level Private Equity Firms - The total number of billion-level private equity firms has grown to 108, with quantitative firms making up 49.07% and subjective firms 41.67% [1] - 31 new firms entered the billion-level category, with 18 being quantitative, indicating a strong trend towards quantitative strategies [1][2] - 14 firms exited the billion-level category, highlighting a dynamic market environment [1] Group 2: Performance and Investment Trends - The average return for billion-level private equity firms this year is 30.49%, with 69 out of 70 firms reporting positive returns [3] - Quantitative private equity firms outperformed subjective ones, with average returns of 33.06% compared to 25.92% for subjective firms [3] - The demand for quantitative strategies is driven by their strong performance, risk-return characteristics, and increasing investor preference for index-enhanced products [2]