The number of private fund managers in China with assets under management exceeding 10 billion yuan reached 122 as of the end of January 2026, setting a new historical record, according to data from Private Placement Ranking Network.
This represents an increase of 10 firms compared with the 112 recorded at the end of December 2025.
In detail, eight private funds crossed the 10 billion yuan threshold for the first time and five private funds returned to the 10 billion yuan club.
By office location, Shanghai accounts for 57 private funds, Beijing for 29, Shenzhen for 10, Hangzhou and Chengmai (Hainan) for five each, with smaller numbers in other cities.
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Insights
What are private equity funds and how do they operate?
What factors contributed to the growth of private fund managers in China?
What does the increase in private funds crossing 10 billion yuan signify for the industry?
How does China's private fund market compare to global markets?
What recent trends have been observed in the private equity sector in China?
What are the implications of having 122 private fund managers with over 10 billion yuan?
What challenges do private fund managers face in China today?
Which cities are leading in the number of private fund managers in China?
What are the historical trends leading up to the record high of 122 fund managers?
What are potential future developments in China's private equity landscape?
How does the growth in private funds reflect investor confidence in China?
What role does regulatory policy play in the private fund sector?
Which private funds recently re-entered the 10 billion yuan club?
What are the core controversies surrounding private equity investments in China?
How do private fund managers' strategies differ across cities in China?
What external economic factors impact private equity growth in China?
How have investors reacted to the record number of private fund managers?
What historical cases can illustrate the evolution of private equity in China?
