In the past two months, 200 private equity firms have achieved a significant increase in scale.

Our reporter Fang Lingchen

The private equity industry landscape continues to evolve, with a number of institutions achieving growth in management scale by seizing market opportunities and demonstrating strong investment management capabilities.

Latest data from Private Equity Ranking Network shows that by the end of February 2026, a total of 200 private equity firms had experienced a leap in management scale compared to the end of 2025. Among them, 110 are stock strategy private funds, accounting for 55%; 28 are futures and derivatives strategy private funds, and 27 are multi-asset strategy private funds, representing 14% and 13.5% respectively; the remaining strategies have fewer firms.

“The growth in private fund management scale is driven by both industry environment and performance,” said Li Chunyu, FOF fund manager at Shenzhen Rongzhi Private Securities Investment Fund Management Co., Ltd., in an interview with Securities Daily. He noted that the private equity industry is entering a stage of high-quality development where good funds replace bad ones, with market resources increasingly concentrated in high-quality private funds. Meanwhile, the structural trend in the A-share market persists, with related stock strategies performing well, and some strategies demonstrating favorable risk-return ratios. Strong performance not only drives endogenous growth in fund management scale but also enhances the attractiveness of products to incremental capital.

Changes in large private funds often attract more attention. In the first two months of 2026, 16 private funds with management scales over 10 billion yuan were recorded, including 11 newly reaching the 100-billion-yuan mark and 5 returning to the 100-billion-yuan camp. Regarding core strategies, stock strategies are the most common among these 16 firms, with 6. In the 50-100 billion yuan range, there are 18 private funds, with stock strategies still leading at 8.

Additionally, some private funds have achieved rapid growth, including several insurance-related private funds. For example, by the end of 2025, private funds affiliated with insurance capital such as Hengyi Chiying (Shenzhen), Taiping (Shenzhen), PIC Qiyuan Huizhong (Beijing), and Sunshine Hengyi (Qingdao) managed less than 500 million yuan each. By the end of February 2026, their scales had increased to over 10 billion yuan, 5-10 billion yuan, 5-10 billion yuan, and 2-5 billion yuan respectively.

As key players in the equity market, different private funds have their own unique investment “approaches,” actively seizing opportunities and identifying quality targets amid market fluctuations.

The latest monthly report from Panjing Investment reveals its market outlook: “In terms of style allocation, the focus remains on growth stocks based on a fundamental framework, but it’s also important to incorporate value stocks to smooth market volatility and create a complementary resonance between growth and value. At the same time, expanding into overseas markets helps diversify risks across markets and capture diverse opportunities.”

“AI (artificial intelligence) remains the core investment focus in 2026,” said Cui Ying, fund manager at Qinchen Asset. She believes that AI impacts many industries, with optical communications and storage being the two key areas in AI industry development this year.

MACD Golden Cross signals form, and these stocks are showing good upward momentum!