In October, the private equity industry ushered in a positive change — the number of private equity institutions worth 10 billion yuan increased dramatically. According to the latest statistics from the Private Equity Ranking Network, as of October 31, 2025, the total number of private equity institutions with a management scale of 10 billion yuan or more had climbed to 113, while at the end of September there were only 96. In just one month, a total of 18 new institutions became “10 billion private placement”. Despite the temporary withdrawal of 1 during the same period, a net increase of 17 companies was achieved. In response to this phenomenon, Li Chunyu, manager of Rongzhi Investment FOF, a subsidiary of Paipaiwang Group, told reporters: “The main driving force behind the rapid growth in the number of 10 billion yuan private equity institutions can be attributed to three aspects: first, industry resources continue to be concentrated in leading institutions, and large private equity institutions continue to attract capital inflows with solid investment and research capabilities and mature risk control systems; second, the overall strong performance of the stock market has boosted market sentiment and accelerated capital allocation. Among them, quantitative private equity products with excellent performance are particularly popular; third, the private equity fund industry as a whole is particularly popular; performance, in particular Quantifying the significant benefits of strategic products has enhanced investors' allocation confidence.”

In October, the private equity industry ushered in a positive change — the number of private equity institutions worth 10 billion yuan increased dramatically. According to the latest statistics from the Private Equity Ranking Network, as of October 31, 2025, the total number of private equity institutions with a management scale of 10 billion yuan or more had climbed to 113, while at the end of September there were only 96. In just one month, a total of 18 new institutions became “10 billion private placement”. Despite the temporary withdrawal of 1 during the same period, a net increase of 17 companies was achieved. In response to this phenomenon, Li Chunyu, manager of Rongzhi Investment FOF, a subsidiary of Paipaiwang Group, told reporters: “The main driving force behind the rapid growth in the number of 10 billion yuan private equity institutions can be attributed to three aspects: first, industry resources continue to be concentrated in leading institutions, and large private equity institutions continue to attract capital inflows with solid investment and research capabilities and mature risk control systems; second, the overall strong performance of the stock market has boosted market sentiment and accelerated capital allocation. Among them, quantitative private equity products with excellent performance are particularly popular; third, the private equity fund industry as a whole is particularly popular; performance, in particular Quantifying the significant benefits of strategic products has enhanced investors' allocation confidence.”