Core Insights - The private equity fund industry in China is experiencing a strong recovery, with total assets reaching 20.74 trillion yuan by the end of September 2025, nearing historical peak levels [1][2] - The number of billion-yuan private equity firms has surpassed 100, with quantitative strategy institutions becoming a dominant force, holding nearly half of the market share [1][4] Private Fund Scale Recovery - As of September 2025, the total number of private funds is 137,245, with a total scale of 20.74 trillion yuan, including 79,845 private securities investment funds with a scale of 5.97 trillion yuan [2] - The private fund scale had previously dropped to 19.64 trillion yuan in September 2024, marking the lowest point in nearly four years, but has since rebounded significantly [2] Performance and New Entrants - The average return for 70 billion-yuan private equity firms this year is 30.49%, with 98.57% of these firms achieving positive returns [3] - In October 2025, 11 new private equity firms were registered, and 1,236 new private funds were filed, with private securities investment funds dominating the new registrations [3] Growth of Billion-Yuan Private Equity Firms - The number of billion-yuan private equity firms has increased to 108 as of October 28, 2025, up from 96 at the end of September [3] - Among the new entrants, 13 firms became billion-yuan private equity firms, with 8 being quantitative firms, indicating a shift towards quantitative strategies [4] Dominance of Quantitative Strategies - Of the 108 billion-yuan private equity firms, 53 are quantitative, representing 49.07% of the total, while 45 are subjective, making up 41.67% [4] - The rise of quantitative private equity firms is attributed to their strong performance, favorable risk-return characteristics, and increased demand for index-enhanced products [4]
复苏势头强劲 私募规模有望再创新高
Zhong Guo Zheng Quan Bao·2025-10-30 21:11