On October 23rd, the China Securities Investment Fund Industry Association announced that as of September 2024, there were 689 newly registered private equity funds with a total registered capital of 23.165 billion yuan. Among them, there were 386 private equity securities investment funds with a total registered capital of 9.032 billion yuan, 103 private equity venture capital funds with a total registered capital of 6.449 billion yuan, and 200 private equity venture funds with a total registered capital of 7.684 billion yuan. Private Fund Manager Registration Overview (1) Monthly registration of private fund managers In September 2024, 17 institutions were approved by the Asset Management Business Comprehensive Reporting Platform of the China Securities Investment Fund Industry Association (referred to as the AMBERS system), including 3 private equity securities investment fund managers and 14 private equity venture capital fund managers. In September 2024, 65 private equity fund managers were deregistered by the association. (2) Current situation of private fund managers As of the end of September 2024, there were 20,457 surviving private fund managers managing a total of 147,566 funds with a total size of 19.64 trillion yuan. Among them, there were 8,088 private equity securities investment fund managers, 12,152 private equity venture capital fund managers, 7 private equity asset allocation fund managers, and 210 other private investment fund managers. (3) Regional distribution of private fund managers As of the end of September 2024, the registered private fund managers were mainly concentrated in Shanghai, Beijing, Shenzhen, Zhejiang (excluding Ningbo), Guangdong (excluding Shenzhen), and Jiangsu, accounting for 72.19% of the total. The top 6 regions by fund size were Shanghai, Beijing, Shenzhen, Guangdong (excluding Shenzhen), Jiangsu, and Zhejiang (excluding Ningbo), accounting for 74.61% of the total. Private Fund Status As of the end of September 2024, there were 147,566 surviving private equity funds with a total size of 19.64 trillion yuan. Among them, there were 91,497 surviving private equity securities investment funds with a total size of 5.02 trillion yuan, 30,424 surviving private equity venture capital funds with a total size of 10.89 trillion yuan, and 24,703 surviving private equity venture funds with a total size of 3.32 trillion yuan.