In the past two months, 200 private equity firms have achieved a significant increase in scale.

Reporter: Fang Lingchen

The private equity fund industry landscape continues to evolve, with a number of institutions enhancing their management scale through grasping market opportunities and demonstrating strong investment management capabilities.

According to the latest data from Private Equity P2P Network, as of the end of February 2026, a total of 200 private equity institutions have achieved a significant increase in management scale (compared to the end of 2025), among which 110 are equity strategy private equity firms, accounting for 55%; 28 are futures and derivatives strategy private equity firms, and 27 are multi-asset strategy private equity firms, accounting for 14% and 13.5% respectively; the number of other strategy private equity firms is relatively small.

“The increase in the scale of private equity institutions is the result of dual factors driven by the industry environment and performance,” said Li Chunyu, FOF fund manager at Shenzhen Rongzhi Private Equity Securities Investment Fund Management Co., Ltd., in an analysis to the Securities Daily. The private equity fund industry has overall entered a high-quality development stage characterized by “good money driving out bad money,” with market resources continuing to concentrate on high-quality private equity institutions. At the same time, the structural market conditions in the A-share market persist, with equity and related strategy products performing well, and some strategy products demonstrating favorable risk-return ratios. Better performance not only brings about endogenous growth in the management fund scale of private equity institutions but also enhances the appeal of products to incremental capital.

Changes in large private equity institutions often attract more attention. In the first two months of 2026, there were 16 private equity institutions with a management scale of over 10 billion yuan, among which 11 were newly established billion-yuan private equity institutions, and 5 institutions returned to the billion-yuan private equity camp. From the perspective of core strategies, among these 16 private equity institutions, the number of equity strategy private equity firms was the highest at 6. There are 18 private equity institutions with management scales between 5 billion and 10 billion yuan, among which the number of equity strategy private equity firms remains the highest at 8.

In addition, some private equity institutions have achieved rapid growth in management scale, including several insurance capital-based private equity firms. For example, as of the end of 2025, the management scales of insurance capital-based private equity firms Hengyi Chiying (Shenzhen) Private Equity, Taiping (Shenzhen) Private Equity, PICC Qiyuan Huizhong (Beijing) Private Equity, and Sunshine Hengyi (Qingdao) Private Equity were all below 500 million yuan. By the end of February 2026, the management scales of these private equity institutions had increased to over 10 billion, between 5 billion and 10 billion, between 5 billion and 10 billion, and between 2 billion and 5 billion respectively.

As important participants in the equity market, different private equity institutions each have their unique investment “strategies,” actively seizing opportunities and identifying quality targets amidst volatility.

The latest monthly report from Panjing Investment reveals its market outlook, stating, “In terms of style allocation, the foundation remains anchored in a growth stock investment framework, but it is also necessary to consider pairing with value targets to smooth out market fluctuations, allowing growth and value to resonate in complementary ways. At the same time, we will tap into overseas markets to diversify risk across markets and capture diverse opportunities.”

“AI (artificial intelligence) remains the core focus of investment in 2026,” said Cui Ying, fund manager at Qincheng Asset, who believes that many industries are influenced by AI, with optical communication and storage being two key areas in the development of the AI industry this year.

MACD golden cross signal has formed; these stocks are performing well!