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).
