汉坤律师事务所发布《汉坤2024年度基金募集项目数据分析报告》

Core Insights - The report highlights the resilience and structural vitality of China's private equity market despite challenges such as economic slowdown and geopolitical conflicts, with a total target fundraising scale of nearly 150 billion RMB across approximately 80 private equity projects in 2024 [1][3] Group 1: Industry Trends - The majority of private equity funds completed in 2024 are focused on sectors such as smart hardware and software (including artificial intelligence and AR), biomedical, and internet finance, with over 50% dedicated to smart hardware and biomedical fields [1][4] - The proportion of funds with fixed terms has returned to over 90%, with most having initial terms between 5 to 8 years [1][4] - The usage of simple fund structures remains the highest, while the frequency of parallel fund structures has increased compared to previous years [1][4] Group 2: Fund Management and Distribution - The mainstream method for calculating management fees is based on the committed capital, although the proportion of funds calculating fees based on paid-in capital has been gradually increasing [1][4] - Over 60% of private equity funds continue to use a partner-by-partner distribution mechanism, with an upward trend in the proportion of funds adopting a by-fund distribution model, reflecting a shift towards more investor-friendly terms due to fundraising difficulties [1][4]