百亿私募2025年业绩亮眼，量化策略领跑

Core Insights - The overall performance of the 75 billion private equity firms in 2025 showed an average return of 32.77%, with 74 firms achieving positive returns, representing 98.67% of the total [1] Group 1: Performance Overview - Among the 75 billion private equity firms, 18 firms had returns within 20%, 45 firms had returns between 20% and 50%, and 11 firms exceeded 50% [1] - Notable performers included Yuanxin Investment, Fusheng Asset, and Wangzheng Asset [1] Group 2: Investment Strategy Analysis - Quantitative private equity firms stood out, with 45 firms achieving an average return of 37.61%, all reporting positive returns, significantly higher than the overall average [2] - In the quantitative category, 4 firms had returns within 20%, 34 firms had returns between 20% and 49.99%, and 7 firms exceeded 50% [2] - Among firms with returns between 20% and 49.99%, 75.56% were quantitative, and 63.64% of those exceeding 50% were also quantitative [2] - Notable quantitative firms included Huansheng Quantitative, Xinhong Tianhe, Chengqi Private Equity, and Wenbo Investment [2] Group 3: Subjective Strategy Performance - Subjective strategy private equity firms had a lower average return of 25.80%, with 22 out of 23 firms achieving positive returns, representing 95.65% [3] - Among the positive return firms, 12 had returns within 20%, 6 had returns between 20% and 49.99%, and 4 exceeded 50% [3] - Notable subjective firms included Yuanxin Investment, Fusheng Asset, Wangzheng Asset, and Jiqi Investment [3] Group 4: Mixed Strategy Performance - Seven mixed strategy private equity firms had an average return of 24.59%, with all achieving positive returns [3] - Among these, 5 firms had returns within 20%, and 2 firms exceeded 30% [3] - Notable mixed strategy firms included Yinye Investment and Xuanyuan Investment [3] Group 5: Market Environment and Strategy Adaptation - The significant outperformance of quantitative private equity in 2025 is attributed to its adaptability to market conditions, leveraging AI and computational upgrades for real-time market coverage and quick adjustments [3] - The subjective strategy faced limitations due to research coverage constraints and longer decision-making processes, leading to slower adjustments in rapidly changing market conditions [3]