Core Insights - The private equity fund management industry in China is showing signs of recovery, with a total of 12,132 registered managers as of June 2025, despite a decrease in the number of active managers compared to previous years [4][18]. - A total of 2,237 new private equity funds were registered in the first half of 2025, with a disclosed subscription scale of 13,532.61 billion RMB, indicating a positive market trend [9][10]. - Institutional Limited Partners (LPs) dominate the funding landscape, contributing 97.9% of the total capital, with state-owned LPs accounting for over 80% of the funding [20][21]. Fund Management Insights - In the first half of 2025, 47 new private equity fund managers were registered, while the total number of existing managers decreased to 12,132 [4][18]. - The majority of new fund managers are concentrated in regions such as Shanghai, Jiangsu, and Beijing, with Zhejiang leading in the number of new registrations [7][13]. - The number of institutions participating in new fund registrations decreased by 2.7% year-on-year, with 1,404 institutions registering new funds [18]. Fund Registration Insights - The new private equity funds registered in the first half of 2025 are primarily led by entrepreneurial and equity investment funds, with small-scale funds making up nearly half of the total [9][10]. - The top three cities for new fund registrations by quantity are Jiaxing, Qingdao, and Suzhou, while Beijing, Shanghai, and Wuhan lead in terms of total capital raised [15][16]. - The total subscription scale of new funds in Beijing exceeded 3,263.51 billion RMB, making it the top city by fund size [14][15]. LP Participation Insights - Institutional LPs are the primary contributors to new fund registrations, with a significant portion of the funding coming from state-owned entities [20][21]. - In terms of participation, 12.54% of institutions registered three or more funds, while 70.01% registered only one fund [18][22]. - The most active LPs include various government and strategic investment funds, indicating a strong presence of public sector investment in the private equity landscape [23][25].

以下文章来源于睿兽Pro ，作者Bestla 睿兽Pro . 创业邦旗下横跨一二级市场的科创数据平台。实时投资数据、追踪产业创新。找数据、做分析、链资 源，就上睿兽分析。 • 私募股权类基金管理人新登记21家。截至2025年3月末，存续私募股权类基金管理人数量总计 12,229家。 • 备案私募股权类基金1,023只，延续下跌趋势；认缴总规模因个别超大额基金成立而大幅提升，总 计7,780.31亿元人民币。 • 政府引导基金认缴规模最大，达到3,740.57亿元人民币；小于1亿元的小规模基金数量占比 48.81%。 • 浙江、江苏、广东新备案基金数量破百，北京跌出前10名。 • 嘉兴、青岛、深圳三城新备案基金数量最多；北京、上海、广州位列全国吸金前三甲。 • 共计774家机构新增备案私募股权类基金，机构参与数量环比增长12.5%，同比减少18.53%。 • 国资机构LP占据主导地位，共计902家国资机构参与出资新基金，认缴总额占比高达90.57%。 • 出资超过（含）3只基金的活跃机构LP公司主体有48个，占比2.98%。 • 共78只新备案基金穿透涉及86家上市公司LP参与，出资规模达144.05亿元。 2 ...