US EditionPing An seeks to sell US$1 billion software-focused PE assets
This story is only covered by news sources that have yet to be evaluated by the independent media monitoring agencies we use to assess the quality and reliability of news outlets on our platform. Learn more here.4 Articles
4 Articles
With this step, the company wants to strengthen its asset management business.
Ping An to trim $1bn software private equity exposure via secondary sale
China’s largest insurer Ping An Insurance Group is seeking to reduce its exposure to software-focused private equity investments through a secondary sale of fund stakes valued at around $1bn, according to a report by Bloomberg citing unnamed people familiar with the matter. The process, which began in March and is being advised by placement agent Campbell Lutyens, involves the disposal of interests in multiple private equity vehicles, the majori…
The Chinese insurance company Ping An Insurance aims to significantly reduce its commitment to software-focused private equity investments. According to media reports, the company has commissioned the consulting company Campbell Lutyens to sell a portfolio worth around $1 billion. The contribution Ping An checks billion sales of software-private equity investments first appeared on insurance business today.
Coverage Details
Bias Distribution
- There is no tracked Bias information for the sources covering this story.
Factuality
To view factuality data please Upgrade to Premium
