Bank of America will offer investments in private equity funds to its ultra-wealthy clients, a move that comes as more financial firms give access in alternative assets to a broader swath of millionaires https://t.co/HggyraYtOq ...

Core Viewpoint - The article discusses the implementation of support measures for private equity funds in the Zhengzhou Airport Economic Comprehensive Experimental Zone, aimed at promoting the development of the private equity industry and attracting social capital to invest in the real economy [5]. Group 1: Support Measures - New private equity funds established or relocated to the zone can receive a settlement reward of up to 20 million yuan based on their paid-in capital or actual managed fund size [2]. - Investment rewards are available for angel, venture capital, or private equity funds that invest in enterprises aligned with the industrial direction of the airport zone, with a maximum reward of 4 million yuan based on actual investment amounts [3]. - Industry support funds will be calculated as 3.5% of total financial service net income and investment income, with an additional 8.5% of annual net profit if it exceeds 30 million yuan [4][20]. Group 2: Eligibility Criteria - The support measures apply to private equity funds established in accordance with national laws and regulations, registered and tax-registered within the airport zone [6][7]. - Funds must have a paid-in capital of no less than 30 million yuan, and management companies must have a registered capital of at least 10 million yuan with managed assets of 30 million yuan or more [9][10]. Group 3: Funding Support Details - Settlement rewards for newly established or relocated private equity funds vary based on the fund's structure and size, with specific percentages and maximum amounts outlined for both corporate and partnership structures [12][13][14]. - Investment rewards for venture capital funds investing in qualifying enterprises can reach up to 400,000 yuan based on the investment amount and duration [17]. - Funds exceeding 20% of paid-in capital may receive industry support funds based on their financial performance [19]. Group 4: Additional Incentives - The government will allow a portion of the after-tax returns from projects to be shared with the management team, with individual team rewards capped at 100 million yuan [22]. - Start-up investment risk subsidies are available for qualifying venture capital funds, providing up to 50,000 yuan per investment, with a maximum of 300,000 yuan per year for each fund management company [23]. - A streamlined "one-stop" service system will be established to facilitate the registration and approval processes for incoming institutions [24].

单就6月份的情况而言，新备案私募基金数量1540只，新备案规模500.57亿元。其中，私募证券投 资基金1131只，新备案规模299.83亿元；私募股权投资基金147只，新备案规模92.63亿元；创业投资基 金262只，新备案规模108.11亿元。 中新社北京7月17日电 (记者 陈康亮) 根据中国证券投资基金业协会(下称"中基协")17日披露的数 据，截至2025年6月末，存续私募基金140558只，存续基金规模20.26万亿元(人民币，下同)，较今年5月 末的20.27万亿元略有下降。 中基协当天还披露私募基金管理人的相关情况。统计显示，截至6月末，存续私募基金管理人19756 家。其中，私募证券投资基金管理人7761家；私募股权、创业投资基金管理人11801家；私募资产配置 类基金管理人6家；其他私募投资基金管理人188家。 就私募基金管理人的地域分布情况而言，截至6月末，已登记私募基金管理人数量从注册地分布来 看，集中在上海市、北京市、深圳市、浙江省(除宁波)、广东省(除深圳)和江苏省，总计占比达 72.19%，低于5月末的72.2%。从管理基金规模来看，前6大辖区分别为上海市、北京市、深圳市、广东 ...

Financial Data and Key Metrics Changes - Fee related earnings increased by 16% to $676 million, while distributable earnings rose by 12% to $613 million [8][34] - Capital raised in the quarter totaled $22 billion, with a total of $97 billion raised over the past twelve months, driving fee bearing capital to $563 billion, a 10% increase year over year [8][34] Business Line Data and Key Metrics Changes - Infrastructure business saw major transactions totaling over $30 billion in enterprise value, including significant acquisitions like Colonial Pipeline and Duke Energy Florida [21][22] - Real estate monetization activity increased significantly, with $15 billion in sales across various sectors, including senior housing and hospitality [23] Market Data and Key Metrics Changes - The fundraising environment is described as robust, with a notable increase in capital raised in Europe and a strong performance in complementary strategies [48] - The demand for high-quality assets is reflected in the significant increase in monetization activity, with over $55 billion in asset sales announced year to date [22][23] Company Strategy and Development Direction - The company is focused on long-term investment themes of digitalization, decarbonization, and deglobalization, particularly in AI infrastructure and renewable energy [10][43] - Strategic partnerships have been formed, including a $10 billion public-private investment program with the Swedish government and a renewable energy agreement with Google [18][19] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the current market environment, highlighting strong demand for mission-critical assets and the ability to deploy capital effectively [15][33] - The company anticipates continued growth in fundraising and investment activity, supported by a robust pipeline and favorable market conditions [33][34] Other Important Information - The company is expanding its private wealth and retirement platform, Brookfield Wealth, aiming to raise over $30 billion in capital this year [30] - A quarterly dividend of 43.75¢ per share was declared, payable to shareholders of record as of August 29 [42] Q&A Session Summary Question: Fundraising backdrop and expectations for 2026 - Management characterized the fundraising environment as incredibly robust, expecting this year to surpass last year's fundraising totals [46][48] Question: Access to the broader retirement market - Management emphasized that success will depend on having the right products to meet investor needs, with a focus on real assets that provide stable cash flows [50][53] Question: Growth in the U.S. retail channel and Just acquisition - The Just Group acquisition is expected to add stable fee-bearing capital, enhancing the company's footprint in the UK retirement market [56][57] Question: Real estate market outlook - Deployment in real estate has doubled year to date, with a robust recovery in the capital markets supporting high-quality platforms [73][75] Question: Expense outlook and margin expansion - Management expects expenses to grow around 10% year over year, with a focus on building capabilities in various areas [78][80]