量化领跑 主观分化 百亿级私募2025年平均收益32.77%

Core Insights - The average return of billion-level private equity funds in 2025 reached 32.77%, with quantitative funds performing particularly well at over 37% [1][2] - The private equity issuance market remains active, with a significant increase in new registrations, indicating a strong market sentiment [3] Performance Summary - In 2025, 75 billion-level private equity funds reported an average return of 32.77%, with 74 funds achieving positive returns, representing 98.67% [2] - Quantitative private equity funds had an impressive average return of 37.61%, with all funds reporting positive returns. Specifically, 7 funds exceeded 50% returns, while 34 funds had returns between 20% and 49.99% [2] - In contrast, subjective strategy private equity funds had an average return of 25.8%, with 22 funds achieving positive returns, which is 95.65% of the total [2] Issuance Trends - The private equity issuance market is thriving, with 12,645 new private equity securities investment funds registered in 2025, a 99.54% increase from 6,337 in 2024 [3] - Stock strategy funds dominated the issuance market, accounting for 8,328 new registrations, or 65.86% of total products [3] - Multi-asset strategies and futures/derivatives strategies followed, with 1,806 and 1,274 new registrations, representing 14.28% and 10.08% respectively [3] Market Outlook - The market sentiment is expected to remain positive into 2026, with expectations of continued profit-making effects due to economic recovery and technological advancements [5] - The focus on quantitative long strategies remains high, particularly in market-neutral strategies that aim to reduce volatility and pursue absolute returns [4][5] - Factors supporting the performance of quantitative strategies include improved market risk appetite and ongoing technological and strategic iterations within the industry [5]