Ping An Overseas Holdings Raises USD 300M for China New Economy Fund

China Ping An Insurance Overseas (Holdings) Limited, the main offshore investment and asset management platform of Ping An Insurance (Group) Company of China, Ltd. (2318.HK, 601318.SH), together with its subsidiaries, announced that, Ping An China New Economy Fund, LP, has achieved 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 capital markets investment services including open-/closed-end funds, ETFs and mandates in equity, fixed income, funds of hedge funds, and AI and quantitative investments, and alternative investment services including funds, co-investments and direct investments in global (mainly US and Europe) private equity, private debt, infrastructure and real estate.