穿越牛熊！“小而美”私募TOP20来袭！富延资本、海南香元等领跑！

Core Viewpoint - The A-share market has entered a phase of volatility influenced by trade disputes and geopolitical conflicts, leading to increased investment uncertainty. Attention is focused on larger private equity firms, while smaller firms are less scrutinized [1]. Summary by Sections Recent Performance of Small Private Equity Firms - In the past six months, private equity firms with assets under 500 million yuan have achieved an average return of 6.84%, outperforming the market significantly [2][3]. - The top 20 firms in this category have a performance threshold of ***% for inclusion [2]. - Among these, Fuyuan Capital leads with an average return of ***% across its eight products [2]. One-Year Performance of Small Private Equity Firms - Over the past year, these firms have achieved an average return of 25.29%, with the top 20 firms having a performance threshold of ***% [5][6]. - Hainan Xiangyuan ranks first with an average return of ***%, managing four products with a total scale of approximately 198 million yuan [5]. Three-Year Performance of Small Private Equity Firms - In the three-year period, the average return for these firms is 45.51%, with the top 20 firms having a performance threshold of ***% [9][10]. - Zhongying Investment leads this category with a return of ***%, managing four products totaling approximately 162 million yuan [9]. Five-Year Performance of Small Private Equity Firms - Over five years, these firms have achieved an average return of 93.49%, with the top 20 firms having a performance threshold of ***% [12][14]. - Baihang Investment tops this list with a return of ***%, managing three products with a total scale of approximately 335 million yuan [13].