In March, there was a surge in private placement filings, and many public fund professionals switched to private placements.

Recently, the China Fund Industry Association announced the latest public information of private equity fund managers. Many executives of newly registered private equity fund companies come from the public fund industry. Zhang Qiang, former fund manager of Nuo'an Fund, has been registered as the legal representative of Hongze Private Equity Fund on March 27th. He previously managed Nuo'an Dynamic Allocation Fund. Cao Yusheng, former general manager of investment management department of Minsheng Fund, is now the legal representative of Shanghai Huishong Juyue Private Equity Fund. Also included in the recent registrations is Shanghai Yuanqi Private Equity Fund, with former Zhuque Fund Management Co., Ltd. compliance department general manager Xiang Fanghua serving as the compliance and risk control responsible person. Recently, the registration pace of private equity funds has significantly accelerated, and many well-known former public fund individuals have been exposed to moving towards private funds. The current market is in a stage of deep adjustment, which may be a good opportunity for professional investors to participate.