The number of private equity funds with assets of over 10 billion reached 122, a record high with 57 based in Shanghai.

Data from the private equity network shows that by the end of January, there were 122 private equity firms in China with assets of over 100 billion, surpassing the record of 116 firms in March 2022 and reaching a historical high. The number of 100-billion private equity firms increased by 10 within the year. Specifically, 8 firms such as Guoyuan Xinda, Hengyichiyin (Shenzhen) Private Equity, Beyang Quantitative, Tengsheng Investment, Yaojinghe Private Equity, Taikang Wenxing Private Equity, Sichuan Development Securities Investment, and Hongxi Fund broke through the 100 billion mark for the first time; 5 firms such as Luoshu Investment, Suijiu Private Equity, Zhanhong Investment, Xitai Investment, and Shenyi Investment returned to the 100 billion club; while 3 firms fell out of the 100 billion category. In terms of office cities, Shanghai has 57 private equity firms, Beijing has 29, Shenzhen has 10, Hangzhou and Chengmai in Hainan each have 5, and other cities have fewer firms.