GIC, Montana back Chinese insurer Ping An's $875m funds for overseas PE investing

The Ping An Insurance Group Co. logo is displayed atop the Ping An International Financial Center in Beijing. Photographer: Qilai Shen/Bloomberg

China’s Ping An Insurance on Monday announced the closing of two new funds with a total capital commitment of $875 million as the firm’s first dedicated programme for overseas private equity investing.

China Ping An Insurance Overseas Holdings Limited, the main offshore investment and asset management platform of Shenzhen-based Ping An, and its subsidiaries debuted the two funds, namely the Ping An Global Equity Selection Fund (the Selection Fund), and the Ping An Global Equity Fund (the Global Equity Fund).

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