In the past year, the overall performance of the mainland's capital market has been poor, and residents' willingness to invest has declined. In this context, the overall management scale of private securities investment funds has declined.
According to data from the Asset Management Association of China, as of the end of December 2023, there were 8,469 private securities investment fund managers and 97,258 private securities investment funds, with an existing scale of 5.72 trillion yuan. By the end of May 2024, there will be 8,240 private securities investment fund managers, a decrease of 229 from the end of last year; the number of existing private securities investment funds was 95,798, a decrease of 1,460 from the end of last year; The scale of existence was 5.19 trillion yuan, a decrease of about 530 billion yuan compared with the end of last year.
However, there are also some private equity companies that have "bucked the current" this year, and the scale of management has risen to a higher level than at the end of last year. The reason for these jumps in the scale of private equity management is either due to a significant increase in the net value of the product, or it has won the trust of investors and led to an increase in the funds entrusted to management.
According to the scale classification of the Asset Management Association of China, the management scale of securities investment private placement is divided into six scale categories: "0-500 million, 5-1 billion, 10-2 billion, 20-5 billion, 50-10 billion, and more than 10 billion". So compared with the end of last year, which private placements have achieved leapfrog growth in management scale this year?
2 cutting-edge private placements promoted to 10 billion quantification! 14 private equity companies expand by leaps and bounds!
According to the data of the private placement network, as of the end of June 2024, a total of 164 private placements have increased their management scale by at least one step compared with the end of last year. In terms of office cities, Shanghai accounted for 59, Beijing accounted for 32, Shenzhen accounted for 24, and Hangzhou accounted for 17.
According to the company's investment model, 90 were subjective private placements, 42 were quantitative private placements, and 31 were subjective + quantitative (mixed) private placements. According to the company's core strategy, 101 private placements accounted for equity strategies, 17 private placements of bond strategies, 16 private placements of futures and derivatives strategies, and 15 private placements of multi-asset strategies.
Among them, 10 private placements have jumped to the top private placements with a scale of more than 5 billion yuan this year, of which 7 are quantitative private placements and 3 are subjective private placements. From the perspective of core strategies, 8 private placements of equity strategies accounted for 8; From the perspective of office cities, Shanghai accounts for 7.
It is worth noting that this year, there are 4 companies that have jumped to 10 billion private equity, they are: Pansong Assets, Shanghai Boke Private Equity, Longcheer Technology, and Jukuan Investment. Among them, Pansong Asset Management and Shanghai Boke Private Equity are both cutting-edge quantitative private placements established in 2022.
Among them, Pansong Assets from Shanghai, at the end of last year, the management scale was still 20-5 billion yuan, and by the end of June 2024, it has crossed 2 steps, and the management scale has jumped to more than 10 billion yuan.
According to the data of the private placement network, Pansong Asset Management is a cutting-edge quantitative private placement established in June 2022. The core figures of the company include Wu Qu, Huang Dazhou, Zhang Xiao, Wang Dongliang, etc. In the first half of this year, the company's revenue exceeded ***%, and won the semi-annual championship of 10 billion quantitative private placement.
In addition, Zhejiang Qinyuan Private Equity from Hangzhou was the highest return in the first half of the year among the 10 leading private placements. It is a subjective private placement of equity strategy, with an income of more than ***% in the first half of the year and an income of more than ***% in the past three years. At the end of last year, the private placement had a management scale of 20-5 billion, and by the end of June 2024, it was already a 50-10 billion private placement.
According to the data, Zhejiang Qinyuan Private Equity was established in September 2014. The company's team divides labor according to the industrial chain, focusing on covering the Internet, consumer, electronics, and automobile industries, and is committed to finding the most promisable assets worldwide; At the same time, through multi-market, multi-strategy, and hedging to achieve stable growth of net worth. Since the performance display in October 2017, the company's annualized income has exceeded ***%, and the performance in June hit a record high.
In addition, the author found that 14 private equity companies achieved a leap in management scale in the first half of this year (up more than 2 steps), of which 11 were equity strategy private placements; According to the investment model, subjective private placements accounted for 6 and quantitative private placements accounted for 5. Founded in 2023, Lexi Private Equity has achieved three steps in the first half of the year (from 0-500 million to 20-5 billion).
Top 20 in the first half of the year: Beijing Fengquan Investment ranked 3rd!
Among the 164 private placements with a higher management scale, many private placements have achieved good results in the first half of this year or in the past three years. Or because of the good performance, the scale of the company's management has improved significantly.
In order to provide readers with a better reference, the author has selected the top 20 in the first half of the year and the top 20 in the past three years from the private placement of "2 or more products have performance display on the Paipai.com".
According to the data of the private placement network, among the 164 private placements with a higher management scale, 124 private placements showed their performance in the first half of this year, with a median return of 2.69%. In the first half of the year, the "threshold" of the top 20 private placements on the list was close to ***%.
Among the top 20 private placements, 15 are subjective private placements; Shenzhen has the largest number of private placements on the list, with 7. The head private equity with a scale of more than 5 billion yuan is only one Pansong Asset Management on the list.
There are 7 private equity companies that have achieved more than ***% income in the first half of the year, they are: Dianjiangtai Investment, Shanghai Lingjiu Private Equity, Beijing Fengquan Investment, Xiangcheng Capital, Qianhai Yujin Investment, Hainan Shanxue Private Equity, and Dadao Investment.
Among them, Dianjiangtai Investment ranked first in both the first half of the year and the past three years. The private placement is a subjective private placement of equity strategy, with an income of more than ***% in the first half of the year, and an income of nearly ***% in the past three years.
According to the data, the company was established in May 2017, and the company adheres to the investment philosophy of "driven by in-depth research, time precipitation value", and is a practitioner of value growth investment. The founder of the company, Tang Guoqing, has more than 30 years of experience in China's stock market investment, has a deep understanding and accurate grasp of the trend of large-cycle industries, and has in-depth research capabilities and iterative thinking of industries and individual stocks. Since the performance display in 2018, the company's annualized income has exceeded ***%.
In addition, in the first half of the year, the management scale of Beijing Fengquan Investment increased from less than 500 million yuan to 5-1 billion yuan. The private placement is a subjective private placement of equity strategy, with a return of nearly ***% in the first half of the year and a return of nearly ***% in the past three years.
According to the data, Beijing Fengquan Investment was established in April 2016, the company focuses on contrarian investment, and obtains long-term excess returns by exploring investment opportunities that are ignored by the market. Chen Zheng, the founder of the company, graduated from Peking University, has 17 years of research and investment experience in the securities industry, worked in China Securities Securities, and was awarded the fifth, second and first place in the best analyst of the new fortune automotive industry from 2012 to 2014. Since the performance was displayed in February 2019, the company's annualized revenue exceeded ***%, and hit a record high in June.
Top 20 in the past three years: Herbal investment ranks first!
According to the data of the private placement network, among the 164 private placements with a higher management scale, 85 private placements have demonstrated their performance in the past three years, with a median return of 17.52%. In the past three years, the "threshold" of the top 20 private placements in terms of income is close to ***%. Among the top 20 private placements, 12 are subjective private placements; In terms of core strategies, 13 private placements with equity strategies accounted for them.
There are 6 private equity companies that have achieved more than ***% income in the past three years, they are: Dianjiangtai Investment, Hainan Shanzhi Private Equity, Meishan Bonded Port Yingling Private Equity, Herbal Investment, Mingce Assets, and Ningbo Zetian.
Among them, Herbal Investment from Guangzhou is a subjective private placement of futures and derivatives strategies, with an income of nearly ***% in the past three years, ranking fourth. In the first half of the year, the income exceeded ***%, ranking 10th. According to the data, Herbal Investment was established in June 2014. The founder of the company, Cao Denglei, has more than 20 years of experience in the capital market.
It is not difficult to find that a total of 11 private equity companies ranked among the top 20 in the first half of the year and the past three years, they are: Dianjiangtai Investment, Shanghai Lingjiu Private Equity, Beijing Fengquan Investment, Xiangcheng Capital, Qianhai Yujin Investment, Hainan Shanzhi Private Equity, Jiuyang Runquan, Herbal Investment, Zhongsheng Chenjia, Aoxon Investment, and One Point Najin Asset Management.
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