China Ping An Insurance Overseas Holdings Limited, the main platform for offshore investment and asset management of Ping An Insurance Group (Group) Company of China, Ltd. (2318.HK, 6001318.SH), announced that Ping An China New Economy Fund, LP, has received USD 300 million in capital commitments.
Ping An China New Economy Fund is a dedicated USD-denominated investment vehicle of Ping An focusing on growth-stage private equity investing in Greater China.
The vehicle will be managed by a seasoned investment team in the Greater China region.
China Ping An Insurance Overseas Holdings Limited offers investment services in capital markets, including ETFs and mandates for equity, fixed income and funds of hedge funds. Other services include funds, coinvestments and direct investment in global (mainly US, Europe) private equity, private loans, infrastructure and real property.