头部老牌私募最新10强揭晓！东方港湾、睿扬、开思、大岩、博普科技位列前5

Core Insights - The private equity industry in China has evolved over the past two decades, transitioning from rapid growth to regulated development, with many firms achieving significant scale and impressive performance across various time frames [2] - As of November 14, 2025, there are 158 established private equity firms over 10 years old, representing 66.38% of top private equity firms and 3.79% of all established firms [2] - The average returns for top private equity firms with at least three products displayed performance over the last year, three years, and five years are 33.8%, 58.77%, and 76.28% respectively [2] Performance Rankings Last Year - In the past year, the top 10 private equity firms had a performance threshold of ***% for inclusion [3] - Among the top 10, subjective private equity firms slightly outnumbered quantitative firms, with 6 subjective and 4 quantitative [3] - Shanghai leads in the number of private equity firms, with 6 firms in the top rankings [3] Last Three Years - The top 10 private equity firms over the last three years also had a performance threshold of ***% [6] - Subjective private equity firms dominated the rankings, with 6 out of the top 10 being subjective [6] - Shanghai firms accounted for a significant portion of the top performers [6] Last Five Years - The top 10 private equity firms over the last five years had a performance threshold of ***% [12] - Subjective private equity firms made up the majority of the top rankings, with 4 subjective, 4 quantitative, and 1 mixed [12] - Both Shanghai and Shenzhen had a strong representation in the top rankings [12] Notable Firms - Ruiyang Investment ranked 5th in the last year, with a focus on industry allocation and stock selection to achieve stable returns [5] - Kaishi Private Equity ranked 2nd in the last three years, emphasizing value investment in Hong Kong stocks [9] - Bopu Technology secured the 2nd position in the last five years, leveraging advanced technology for competitive advantage [14]