Hundred-billion private equity funds expand to 125 firms, with 8 surpassing 100 billion in less than a year

After the Year of the Horse Spring Festival, two more private equity firms increased their management scale to over 10 billion yuan. In February this year, Shanghai Mingxi Asset Management and Heji Private Equity both surpassed the 10 billion yuan mark. As a result, the number of domestic private funds managing over 10 billion yuan reached 125, setting a new record, with 11 new firms added this year alone. Among them, Tensheng Investment is the only foreign-controlled private fund. The company is a wholly-owned subsidiary of the globally renowned hedge fund Two Sigma, established in China in November 2018. It is also the second foreign securities private fund manager to surpass 10 billion yuan in management scale after Bridgewater (China). Additionally, eight private fund firms reached the 10 billion yuan milestone in less than a year. Private funds with insurance backgrounds, such as Guofeng Xinghua (Beijing) Private Fund, Taibao Zhiyuan (Shanghai) Private Fund, Hengyi Chiying (Shenzhen) Private Fund, and Taikang Wending (Wuhan) Private Fund, account for half of these firms. (Cailian Press)