私募业论坛圆桌分享｜规模与业绩平衡难题待解，冯建桥、翟敬勇、孙曦东、梁辉共探破局之道

Core Insights - The private equity industry is experiencing significant growth opportunities while facing challenges in balancing scale expansion and performance stability [1][3] - A roundtable forum discussed the core dynamics and challenges of high-quality development in the private equity sector, highlighting the importance of strategic choices and client matching [1][3][20] Group 1: Scale and Performance Balance - The rapid growth of the private equity industry raises the critical question of how to maintain performance stability while expanding management scale [3][4] - A case study shared by a panelist illustrated the tension between scale and returns, showing that smaller firms can achieve higher excess returns, but larger scales complicate this balance [4][7] - Strategies for addressing this challenge include entering high-capacity sectors or combining multiple low-correlation strategies, with a focus on aligning client needs with asset strategies [7][8][10] Group 2: Investment Research Capability Enhancement - The construction of a robust investment research system and the upgrading of research capabilities are essential for the long-term competitiveness of private equity firms [16][20] - Panelists emphasized the need for investment professionals to focus on creativity and problem-solving skills, as AI tools increasingly handle routine tasks [17][20] - Continuous learning and knowledge iteration among key decision-makers are crucial for adapting to market changes and seizing investment opportunities in emerging industries [18][19]