The number of private equity institutions with assets of over 10 billion RMB has reached 136, hitting a historical high. The entry of new members from the insurance industry has accelerated.

Since the beginning of this year, the "100 billion-level private placement camp" has continued to expand. The latest statistics from Private Placement PaiPaiNet show that as of April 30, 2026, the total number of private equity fund managers with assets under management exceeding 100 billion RMB has reached 136, reaching a historical high. Compared to the 132 by the end of March 2026, an increase of 4 in a single month. Regarding the phenomenon of a record high number of 100-billion-level private placement institutions, Li Chunyu, FOF fund manager of Shenzhen Rongzhi Private Equity Investment Fund Management Co., Ltd., analyzed in an interview with the Securities Daily that there are three main factors driving the growth: first, the outstanding performance of leading institutions attracts a large amount of funds due to significant profit effects, helping private placements quickly break through the 100 billion RMB threshold; second, the Matthew effect in the industry intensifies, further shifting resources to leading institutions with solid research capabilities and high compliance levels; third, private placement strategies are becoming increasingly diverse, adaptable to different market environments, covering the allocation needs of various investors, prompting long-term funds such as insurance funds to enter at an accelerated pace, directly driving the rise in the management scale of some institutions.