jackpotlotteryresulttoday| The private equity industry reshuffle: the number of tens of billions has been reduced to 92, and supervision has become stricter to eliminate "bad money"
editor 2024-05-27 09:38:53 Finance 37
News summary
As of May 24jackpotlotteryresulttodayThe number of ten-billion private equity companies has been reduced to 92, and 11 private equity companies have withdrawn from the ten-billion echelon due to sluggish investment performance or compliance issues. Regulatory authorities have strengthened supervision and eliminated unqualified private placements. Competition in the industry has intensified. Private placement managers need to improve their investment research capabilities and compliance to achieve sustainable development.
Newsletter text
[Market baptism and policy regulation have accelerated transformation in the private equity industry] The private equity industry has experienced the dual baptism of market and policy, resulting in a reduction in number and industry reorganization. As of May 24, the number of tens of billions of private placements has shrunk to 92, a decrease from the end of the first quarter.jackpotlotteryresulttodayThere are 8. A ten-billion-level private placement was deregistered by the China Infrastructure Association due to abnormal operations, which attracted great attention from the market. Industry insiders generally believe that poor performance and insufficient attention to compliance are the main reasons for private equity to withdraw from the market. [The tens of billions of ranks have shrunk significantly] According to data from the Private Equity Placement Network, the number of tens of billions of private placements decreased from 100 at the end of the first quarter to 92 on May 24. Eleven private equity companies such as Youshan Fund and Ruifeng Huibang withdrew from the tens of billions, while Qinchen Assets and Shenzhen Kaifeng Investment returned to the tens of billions. Guofeng Xinghua (Beijing) Private Equity joined as a new member. Most private equity companies that exit face poor investment performance and insufficient awareness of compliance. [Investment performance and compliance awareness have become key factors] Data from third-party platforms shows that some private equity products have retreated by more than 10% this year, and the net value of products of Ruifeng Huibang and Youshan Fund has fallen sharply, indicating sluggish investment performance. In addition, Youshan Private Equity was taken by the Guizhou Securities Regulatory Bureau due to violations. [China Infrastructure Association strengthens supervision] China Infrastructure Association recently announced that it will cancel the registrations of nine private fund managers due to abnormal business conditions, including Jiaken Assets, which has managed more than 10 billion yuan in 2020. In the past five years, the clearing pace of "bad money" in the private equity industry has accelerated, and the number of private equity institutions that have been written off each year since 2018 has shown a significant upward trend. [Competition in the industry is intensifying, and the survival of the fittest will become more obvious] Faced with profound changes in the private equity industry, industry insiders generally believe that the industry is shifting from "quantitative growth" to "qualitative improvement." Even private equity institutions with a management scale of more than 10 billion yuan will face the risk of being eliminated by the market if their overall quality is not improved. [Private equity managers need to improve their comprehensive strength] Xingshi Investment pointed out that private equity managers should concentrate on building core investment and research capabilities and form competitive barriers to achieve sustainable development. In the future, the competition for private equity managers will focus more on comprehensive strength, including the improvement of operations, brands, services, compliance and other aspects. [Risk management and compliance operations are the key to survival] Chen Jialin, founder of Shicheng Investment, emphasized that in the future, the private equity industry should not only focus on sound investment strategies and performance, but also need to establish a risk management system and compliance operation mechanism. Only by comprehensively improving professionalism, risk control capabilities, compliance awareness, teamwork, customer service, innovation capabilities and social responsibility can we win in the competition.