本文首发于公众号"私募排排网"。 （点击↑↑ 上图查看详情 ） 私募排排网数据显示，截至2025年10月底，0-5亿私募共有6216家，占比高达81.94%，不过，相比今年6月底的6534家已减少318家、相比去年8 月份的6958已减少742家；与之相反的是，百亿私募今年来在不断扩容，最新数量已重回百家以上。在当前激烈的竞争环境下，私募行业发展向 头部集中的态势越发明显。 在优胜劣汰加速的当下，私募行业正经历从"规模竞争"向"能力竞争"的深刻转型，那些能够为投资者带来长期较为稳定回报的"小而美"有望脱颖 而出。为了给予更有价值的参考，本文分别梳理了今年来、近3年、近5年收益前20的小而美私募，供投资者参考 (参与排名的私募需在私募排排 网符合排名规则的产品在3只及以上) 0 1 今年来：龙辉祥投资、京盈智投夺冠亚！ 私募排排网数据显示，截至10月底，0-5亿私募旗下符合排名的1949只产品，今年来收益均值为28.14%，其中正收益产品1833只，占比高达 94.05%。 今年来收益位居前三的小而美私募分别是：龙辉祥投资、京盈智投、墨钜资产。 "小而美" 私募今年来收益TOP20 数据来源:私募管理人(经托管 ...

Core Viewpoint - The A-share market has shown strong performance in 2023, particularly since July, with major indices reaching new highs, making it one of the best-performing markets globally in the third quarter [2][3]. Performance of Major Indices - The ChiNext Index led global performance with a year-to-date increase of 51.20% and a quarterly increase of 50.40% - The STAR 50 Index and the Shenzhen Component Index followed with increases of 51.20% and 29.88% respectively [3][4]. Private Equity Fund Performance - Among 2072 subjective long-only private equity products, only 149 (7.19%) outperformed the ChiNext Index in the third quarter [4][5]. - The average return for private equity products with assets over 2 billion was 83.02%, with the top 10 funds having a minimum return threshold of ***% [5][6]. Top Performing Private Equity Products - The top three funds in the over 2 billion category were: 1. "Ge Ru Qidian" managed by Shi Hao from Shanghai Ge Ru Private Equity, with a return of ***% [6][7]. 2. "Yuanxin China Active Growth C Class" managed by Wang Aoye from Yuanxin Investment, with a return of ***% [7][8]. 3. "Shengqi Baojian" managed by Cai Zhijun from Shengqi Asset, with a return of ***% [8]. Mid-Sized Private Equity Fund Performance - In the 500 million to 2 billion category, 50 funds outperformed the ChiNext Index, with an average return of 112.83% [9][10]. - The top three funds were: 1. "Xinchili Dingeng Selected 28" managed by Shen Longji [10][11]. 2. "Lanshi Zhixing No. 1" managed by Liu Yan [10]. 3. "Deyuan Yangfan No. 1" managed by Wu Zhou [10]. Small-Sized Private Equity Fund Performance - In the 0 to 500 million category, 77 funds outperformed the ChiNext Index, with an average return of 110.44% [12][13]. - The top three funds were: 1. "Zijun Yunsong" managed by Zou Kai from Hunan Zijun Private Equity [13][14]. 2. "Longhui Xiang No. 1" managed by Yang Zhongguang [13]. 3. "Wanghua Zhuoyue High Dividend Value Growth" managed by Qi Kexian [13].