The number of private equity firms with assets exceeding 10 billion RMB has reached a record high.

According to the Securities Daily, the domestic team of private equity institutions with assets of over 10 billion yuan is continuously expanding, the number has reached a new historical record. The latest statistics from the Private Equity Online show that as of April 21, there were 131 private equity institutions in China with assets exceeding 10 billion yuan, an increase of 5 from the end of March and 18 from the end of 2025. Looking at the whole year, the pace of expansion of the team of private equity institutions with assets of over 10 billion yuan has clearly accelerated. Data shows that as of April 21, 22 private equity institutions have entered the "over 10 billion yuan level" this year. Among them, 17 institutions such as Shanghai Mingxi Asset Management Co., Ltd., and Nanjing Beiyang Private Equity Fund Management Co., Ltd. have entered for the first time; 5 institutions such as Shanghai Zhanhong Investment Management Co., Ltd. and Shanghai Xitai Investment Management Co., Ltd. have returned to the "over 10 billion yuan level." In addition, 4 private equity institutions have temporarily exited the "over 10 billion yuan level" during the same period.