成立7个月规模超百亿！私募“百亿俱乐部”扩容

Core Viewpoint - In January 2026, three private equity firms entered or returned to the 100 billion yuan club, indicating a significant shift in the private equity landscape in China, driven by insurance capital actively entering the market [2][3][4]. Group 1: New Entrants to the 100 Billion Yuan Club - The number of private equity firms with over 100 billion yuan in assets reached 114 as of January 19, 2026, an increase of one from the end of 2025 [4]. - The three firms that entered or returned to the 100 billion yuan club are Hengyi Chiying (Shenzhen) Private Equity, Guoyuan Xinda, and Suijiu Private Equity [4][5]. - Hengyi Chiying (Shenzhen) Private Equity was established in late May 2025 and had a management scale of only 0 to 500 million yuan by the end of 2025, but it quickly surpassed 100 billion yuan in January 2026 [4][5]. Group 2: Performance and Background of New Entrants - Guoyuan Xinda has shown strong long-term performance, with its scale increasing from over 2 billion yuan to surpassing 100 billion yuan within a year [5]. - Suijiu Private Equity is making a comeback to the 100 billion yuan tier after previously being part of it [5]. - The insurance capital's accelerated entry into the private equity sector is primarily driven by the need for yield-enhancing tools and risk diversification in a low-interest-rate environment [5]. Group 3: Strategy Types and Internationalization - Among the 114 private equity firms, quantitative strategies dominate, with 55 firms (48.25%) employing this approach, while 46 firms (40.35%) use subjective strategies [7][8]. - The trend of private equity firms "going abroad" is accelerating, with 38 firms holding Hong Kong's Type 9 license, representing 33.33% of the total number of 100 billion yuan private equity firms [8].