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78 private equity firms have seen a growth in size against the trend in the past month, and 10 private equity firms have temporarily withdrawn from the 10 billion camp

2024-08-14

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Although the A-share market has been experiencing a series of recent fluctuations, 78 of the 8,081 private equity managers that have registered and are still in existence this year have seen their scale grow against the trend in the past month. However, among the private equity firms with a total assets of over 10 billion yuan, 10 have temporarily withdrawn from the top ranks.

Specifically, data from Private Equity Ranking Network shows that as of August 9, there were 8,081 registered private equity securities managers, of which 6,958 managers had a management scale of RMB 0-500 million, accounting for 86.10% of the total; 453 managers had a management scale of RMB 500-1 billion, accounting for 5.61% of the total; 268 managers had a management scale of RMB 1 billion-2 billion, accounting for 3.32% of the total; 224 managers had a management scale of RMB 2 billion-5 billion, accounting for 2.77% of the total; 93 managers had a management scale of RMB 5 billion-10 billion, accounting for 1.15% of the total; and 85 managers had a management scale of more than RMB 10 billion, accounting for 1.05% of the total. Overall, small-scale private equity managers with a management scale of RMB 0-1 billion accounted for more than 90%; while large-scale private equity managers with a management scale of more than RMB 5 billion accounted for less than 3%.


From the perspective of different types, subjective private equity managers account for more than 70%. From the perspective of private equity manager types, among the 8,081 registered managers, the number of subjective private equity managers reached 5,773, accounting for 71.44% of the total; while the number of quantitative private equity managers was only 878, accounting for 10.86% of the total; in addition, the number of subjective + quantitative private equity managers was 1,351, accounting for 16.72% of the total. Overall, subjective private equity managers accounted for more than 70%, while quantitative private equity managers accounted for less than 11%.


From the development trend, as of August 9, a total of 78 private equity managers have grown against the trend month-on-month. From the perspective of changes in the size of private equity managers, among the 8,081 registered managers, excluding newly registered private equity securities managers, the size of 7,830 managers remained unchanged from the previous month, accounting for 96.89% of the total number of managers. In addition, among the managers whose size has changed, 78 private equity managers have increased by one interval month-on-month; 166 private equity managers have decreased by one interval month-on-month; 5 private equity managers have decreased by two intervals month-on-month; and 1 private equity manager has decreased by three intervals month-on-month.


Among the 78 private equity managers whose scale grew against the trend, 4 of them saw their scale increased to RMB 5-10 billion month-on-month, namely Wanfang Asset Management, Kaisi Private Equity, Chengrui Investment and Qinghequan Capital. In addition, 13 of them saw their scale increase to RMB 2-5 billion; 23 saw their scale increase to RMB 1-2 billion; and 38 saw their scale increase to RMB 500-1 billion.

In terms of manager types, among the 78 private equity managers whose scale has grown against the trend, there are 43 subjective private equity firms, 19 quantitative private equity firms, 14 subjective + quantitative private equity firms, and 2 firms of unknown types.


It is worth noting that 10 private equity firms have temporarily withdrawn from the 10 billion private equity camp. According to statistics from the Private Equity Ranking Network, as of August 9, the scale of 19 head private equity managers with a scale of more than 5 billion yuan has declined month-on-month, of which 10 have declined from a scale of more than 10 billion yuan to quasi-10 billion private equity, namely Jukuan Investment, Longqi Technology, Command Capital, Kuanyuan Asset, Jiuying Asset, Xiangju Capital, Shanghai Dapu Asset, Shenzhen Kaifeng Investment, Wanyan Asset, and Qianxiang Asset. In addition, there are 8 private equity firms with a scale that has declined from quasi-10 billion yuan to 2-5 billion yuan, and another 1 has declined to 1-2 billion yuan.