2025年，VC/PE收获新基金超6000支

Core Insights - The 2025 VC/PE market report indicates a significant increase in both the number and amount of funds raised, with a year-on-year growth of approximately 30% [4][5]. Group 1: VC/PE Market Fundraising Analysis - In 2025, a total of 6,127 new funds were established in China's VC/PE market, representing a 27% increase from the previous year, with a total fundraising scale of 30,860 billion yuan, up 26% year-on-year [8]. - The number of institutions participating in fund establishment rose to 3,180, a 13.01% increase from last year, with 62% of institutions setting up one fund, and 19.4% establishing three or more funds, up from 15% the previous year [8]. - Zhejiang province led with 1,367 new funds, followed by Jiangsu and Guangdong with 967 and 644 funds respectively, while some provinces like Anhui and Hubei saw a slight decline [12]. Group 2: Investment Analysis - In 2025, the number of investment cases reached 11,015, a 30.6% increase, with total investment amounting to 13,396.8 billion yuan, up 23.43% year-on-year [32]. - The average investment amount was 1.22 million yuan, showing a slight decrease compared to the previous year [32]. - The top 250 investment institutions accounted for 7.7% of the total market, with a 16.69% increase in the number of participating institutions compared to the previous year [36]. Group 3: Exit Market Analysis - In 2025, 294 Chinese companies achieved IPOs, with 170 of these backed by VC/PE institutions, resulting in a slight decrease in penetration rate to 57.8% [59]. - The exit return rate dropped to 289%, with the proportion of overseas IPOs increasing to 61% [59].