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

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.

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