Insurance Companies

Private markets M&A continues to gather pace as asset management mega-platforms attempt to meet all their investors’ needs.

The top force fuelling M&A among private markets managers is the ambition to become as relevant to private wealth and insurance money tomorrow as institutional capital today.

Speaking at the HKVCA’s Greater China PE Summit, Shirley Ma, senior portfolio manager at APG Asset Management Asia, said the pension giant doesn't support the use of NAV financing in its portfolio.

Shin Kong Life's portfolio sale comes just weeks after Cathay Life sold $1.2bn of fund stakes to HarbourVest, as impending regulatory changes prompt insurers to rethink their private markets exposure.

Catalyst, a sustainability-focused private markets strategy, is drawn to opportunities in China’s burgeoning renewable energy sector, APAC head Matthew O’Sullivan tells PEI.

The two asset management behemoths plan to tap an additional investor outlet.

The US insurer has already received first-round bids for the bundle of stakes it wants to sell on the secondaries market.