Billion-dollar private equity funds increased to 136, reaching a record high. The industry structure highlights the principle of "survival of the fittest".

With the continuous rise of the A-share market, the camp of private equity funds with hundreds of billions of RMB has further expanded. The latest data from the Private Equity Ranking Network shows that as of April 30, 2026, the number of domestic private equity funds with hundreds of billions of RMB has increased to 136, an increase of 4 from the end of March, reaching a new historical high. From the perspective of industry structure, in the context of the market warming up, the strengthening of the money-making effect, and the continuous inflow of long-term funds, the scale of the top private equity funds has expanded significantly, and the industry structure highlights the "stronger getting stronger" trend. It is worth noting that while 4 new private equity funds with hundreds of billions of RMB were added in April, the intensity of internal "reshuffling" within the camp has also significantly increased. In addition, driven by the strong rebound in the market, the overall performance of private equity funds with hundreds of billions of RMB is remarkable, and the enthusiasm for product filings remains high, with the industry's prosperity continuing to rise.