证券时报社党委委员、副总编辑汤泳：今年以来私募行业呈现两大新变化

Core Insights - The private equity fund industry in China is experiencing significant growth, with the number of active private fund managers reaching 19,367 and total fund management scale at 22.05 trillion yuan by October 2025 [1] - The number of private securities investment fund managers is 7,592, managing a total of 7.01 trillion yuan, indicating a rising industry concentration with over 100 private equity firms managing over 10 billion yuan [1] Industry Trends - The private equity sector has become a crucial force in supporting the real economy and enhancing market vitality since its inception, reflecting a strong correlation with the development of capital markets [1] - Two notable trends have emerged in the private equity fund industry this year: - The resurgence of quantitative private equity, driven by structural market conditions and ample liquidity, with index-enhancing strategies becoming a core engine, and AI technology improving industry efficiency [1] - A recovery in performance among established subjective private equity firms, as market styles stabilize and industry logic becomes clearer, allowing these firms to regain recognition through solid research and investment practices [1] Future Outlook - The Securities Times plans to continue deepening industry research and enhancing professional services, aiming to create more high-quality platforms for communication and collaboration within the private equity fund sector [1]