年内私募分红逾150亿元，同比大增近三倍，百亿私募分红更积极!

Core Viewpoint - The private equity fund distribution scale has significantly increased in 2025, with a total distribution amount exceeding 15.158 billion yuan, marking a year-on-year increase of 263.76% compared to 4.167 billion yuan in the same period last year [2][3]. Group 1: Distribution Performance - A total of 1,135 private equity products have distributed dividends this year, accounting for 20.42% of the 5,558 products with performance displays [2]. - The average return of private equity funds this year has reached 24%, with over 90% of products achieving positive returns, particularly stock strategies with an average return close to 30% [3]. - Stock strategy products have become the main force in dividend distribution, with 848 distributions totaling 11.586 billion yuan, representing 76.43% of the total distribution amount [4][10]. Group 2: Distribution by Strategy - Multi-asset strategies have distributed dividends 209 times, amounting to 1.376 billion yuan, accounting for 9.08% of the total [6]. - Futures and derivatives strategies and bond strategies have similar distribution amounts, approximately 936 million yuan and 937 million yuan respectively, each accounting for about 6.18% [6]. - Combination funds have a relatively small distribution scale, with 65 distributions totaling 323 million yuan, representing 2.13% [6][10]. Group 3: Management Mode - Subjective private equity funds have shown more active distribution, with 943 distributions totaling 10.042 billion yuan, accounting for 66.25% of the total, while quantitative private equity funds have distributed only 5.116 billion yuan, representing 33.75% [7][8]. - Subjective private equity focuses on long-term value investment and tends to distribute dividends after achieving expected profits, while quantitative private equity is more conservative in distribution decisions [7][8]. Group 4: Distribution by Fund Size - Private equity funds with a scale of over 10 billion yuan have dominated the distribution amount, with 152 distributions totaling 5.479 billion yuan, accounting for 36.14% [9]. - Smaller private equity funds (0-5 billion yuan) have the highest number of distributions at 713 times, but their total distribution amount is only 2.86 billion yuan, accounting for 18.87% [9]. - The 50-100 billion yuan scale private equity funds have shown fewer distributions with a total of 49 times and 1.122 billion yuan, representing 7.40% [9].