Incremental funds continue to flow in, with the number of billion-level private equity funds reaching a new high

Latest statistics from Private Placement Network show that as of the end of January, the number of domestic private equity firms with assets of over 10 billion yuan reached 122, setting a new record high, an increase of 10 firms compared to 112 at the end of December 2025. Specifically, in January this year, eight private equity firms entered the billion-yuan camp for the first time, namely Guoyuan Xinda, Hengyi Chiying (Shenzhen) Private Equity, Beiyang Quantitative, Tengsheng Investment, Yaojinghe Private Equity, Taikang Wending (Wuhan) Private Equity, Sichuan Development Securities Investment, and Hongxi Fund. Meanwhile, five managers—Luoshu Investment, Sui Jiu Private Equity, Zhanhong Investment, Xitai Investment, and Shen Yi Investment—reentered the billion-yuan tier, while three private equity firms temporarily “fell behind.”