The structure of the "100 Billion Club" in private equity has changed.

Since the beginning of this year, with the continuous evolution of the structural market in A-shares, the "Matthew effect" of the strong getting stronger in the private equity industry has become more prominent. According to the latest monitoring data from third-party institutions, as of September 12, the number of domestic securities investment private equity firms with assets over 100 billion yuan has reached 92. Among them, the number of quantitative private equity firms with assets over 100 billion yuan has increased to 45, accounting for close to fifty percent. Overall, the rise of quantitative private equity firms and the differentiation of subjective strategy private equity firms are reshaping the industry's competitive landscape.