Core Insights - The private equity issuance market is experiencing a dichotomy, with some large quantitative private equity firms seeing significant inflows while many others face fundraising challenges [1][4] - Notable quantitative firms like Yanfu Investment and Kuande Investment are closing their funds to new investors due to strong performance, while subjective private equity firms are struggling to replicate past fundraising successes [3][4] Group 1: Quantitative Private Equity - Yanfu Investment announced plans to close new client subscriptions for its index-enhanced products starting July 1, with a management scale exceeding 70 billion yuan and an average return of over 27% in the past year [3] - Kuande Investment, also performing well, will close all channels for new subscriptions on June 30 [3] - The National Gold Fund has implemented large subscription restrictions on its National Gold Quantitative Multi-Factor Fund, which achieved a return of 30.26% in the past year, to protect investor interests [3] Group 2: Subjective Private Equity - Some well-known subjective private equity firms, such as Ruijun Asset, have paused new client subscriptions due to a peak in fundraising earlier this year, with Ruijun reportedly raising "tens of billions" [3][4] - Other large subjective private equity firms like Chongyang Investment and Ningquan Asset have also seen significant inflows, with Chongyang's total subscription scale reaching nearly 3 billion yuan this year [3] - Despite the success of top firms, the overall subjective private equity market is facing difficulties, with many firms unable to attract capital and some even experiencing significant net redemptions due to poor past performance [4]

● 本报记者 王宇露 百亿级量化私募衍复投资近日公告称，基于公司业务发展的战略规划以及对投资者利益的综合考量，计 划于7月1日起关闭所有中证500、中证1000、万得小市值概念指数增强产品的新客户申购。无独有偶， 渠道人士6月18日透露，知名量化私募宽德投资也将在6月30日全渠道进行封盘。此前，百亿级主观私募 睿郡资产也曾宣布旗下明星基金经理董承非所管产品封盘。 尽管封盘的消息时有传出，不过从整体上来看，私募发行市场仍然呈现冷热不均的态势，产品热销现象 仅发生在极少数头部绩优私募上，大多数私募机构仍面临募资难题。 封盘现象频现 中国证券报记者近日从销售渠道处获悉，衍复投资近日发布公告称，计划于7月1日起关闭所有中证 500、中证1000、万得小市值概念指数增强产品的新客户申购，已持有投资者追加投资不受影响。 量化私募吸金能力更强 资料显示，2019年7月高亢创立衍复投资，2020年1月衍复投资第一只产品建仓运作。同年6月，其管理 规模破10亿元，同年10月管理规模破100亿元，仅用了不到一年半的时间就步入"百亿俱乐部"。据悉， 衍复投资最新管理规模超700亿元。私募排排网数据显示，截至今年5月底，衍复投资旗下 ...