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in the first month of the implementation of the new regulations, the number of private equity fund filings dropped by more than 80%

2024-08-29

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in the first month of implementation of the new private equity regulations, the number of new private equity products filed dropped sharply.

data from the china securities investment fund association showed that as of august 28, the number of private equity funds that completed filing this month was only 91, less than 100, setting a record for the lowest single-month filing since private equity filing, and a drop of more than 80% from july.

an industry insider told reporters that the recent difficulty in registering private equity products is mainly because in the early stages of implementation of the "guidelines for the operation of private securities investment funds", many managers and custodians had different understandings of product registration and did not meet the requirements of the new regulations. they frequently received feedback from the association, resulting in a low registration approval rate.

in addition, due to the recent market adjustment, private equity fund fundraising has been cold, which is also one of the reasons for the decline in the number of new product filings. in the context of poor market performance, private equity in stocks generally remain cautious and dare not easily increase their positions. private equity institutions believe that the bottom characteristics are obvious at present, but policy catalysis is still needed. (securities times)