China Life inks $950m recapitalization deal with US-based PE ElmTree Funds

China Life inks $950m recapitalization deal with US-based PE ElmTree Funds

A 100 yuan banknote (R) is placed next to a $100 banknote in this picture illustration taken in Beijing November 7, 2010. REUTERS/Petar Kujundzic

China Life Insurance Group has signed a $950 million recapitalization deal with US-based private equity real estate firm ElmTree Funds LLC of an existing ElmTree net lease portfolio.

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