Private Equity Performance Divergence: Those Betting on AI and Tech Stocks Make Huge Profits, while Firms like Yunzhou Capital and Banxia Investment See Asset Shrinkage

CoinFeed June 27 news, according to Caixin reports, under the A-share 'tech bull' market, funds are accelerating concentration in the AI industry chain, leading to a clear divergence in the private equity industry. Some institutions heavily invested in AI and computing power directions are leading in returns, while subjective private equity funds that failed to keep up with the trend are facing net value drawdowns and asset shrinkage. Data shows that Yunzhou Capital, once a subjective private equity firm with tens of billions in assets, has seen its management scale drop below 5 billion yuan. Previously, established billion-yuan private equity firms like Banxia Investment and Tongben Investment have also experienced declines in scale. Banxia Investment founder Li Bei responded to the drawdown of her fund, saying she was unwilling to follow the trend and embrace AI, believing that the trigger conditions for the AI bubble to burst have already appeared. Industry insiders believe that whether one has caught the rhythm of the AI industry chain has become the watershed for the performance of subjective private equity funds.