共110家！准百亿私募三季度大洗牌！同犇、海南盛丰上榜！盛麒短中长期业绩均居前5

Core Viewpoint - The article discusses the transition of quasi-billion private equity firms (with management scales between 5-10 billion) from "excellent" to "outstanding," highlighting this period as a critical phase for capturing future leading institutions and the "time dividend" associated with it [2]. Summary by Sections Current Status of Quasi-Billion Private Equity Firms - As of September 30, 2025, there are a total of 110 quasi-billion private equity firms, with 23 firms experiencing a scale increase in the third quarter [3]. - Among these, subjective private equity firms are the most numerous, totaling 59, while quantitative and mixed-type private equity firms account for 34 and 17, respectively [3]. - The majority of these firms are located in major cities like Shanghai (53), Beijing (25), and Shenzhen (14), which together represent 83.64% of the total [3]. Scale Changes in the Third Quarter - The quasi-billion private equity sector has expanded overall, with 23 firms moving from the 2-5 billion scale group to the 5-10 billion scale group [4]. - Among these, 13 are quantitative firms, 9 are subjective firms, and 1 is a mixed-type firm [4]. - Additionally, 2 former billion private equity firms have seen their management scales drop to the 5-10 billion range, while the remaining quasi-private equity firms maintained their scales [4]. Performance of Top Private Equity Firms - In the first three quarters of the year, the top-performing private equity firms include Tongxun Investment and Shengqi Asset, with the average yield for the top 10 firms being above a certain threshold [7]. - Tongxun Investment has consistently ranked first, focusing on value investment based on in-depth fundamental research and consumer trends [7]. - Shengqi Asset is noted for its consistent performance over multiple years, achieving high average yields [8]. Investment Strategies and Market Outlook - Shengqi Asset's management emphasizes the importance of gold as a stable investment, suggesting a long-term bullish outlook on gold due to macroeconomic factors [9]. - The article also highlights the shift in consumer investment logic from traditional consumption to rational consumption and emotional value, indicating a growing interest in new consumer investments [7]. Recent Trends and Future Prospects - The article notes that subjective private equity firms dominate the top rankings in terms of performance over the past year, with firms like Yuanxin Investment and Hainan Shengfeng Private Equity also performing well [10][11]. - The performance of private equity firms over the past three to five years shows a mix of subjective and quantitative firms leading the rankings, with firms like Dayan Capital and Guoyuan Xinda showing strong results [12][13][15].