Ping An to increase PE allocation in light of covid-19

Institution: Ping An Asset Management
Headquarters: Shanghai, China
AUM: 3.27trn yuan

Ping An Asset Management plans to increase its allocation to private equity over the next twelve months in light of covid-19, a contact at the institution informed Private Equity International. The institution also intends to continue with its plan for committing to first-time funds.

The 3.27 trillion yuan ($460.02 billion; €410.14 billion) Shanghai-based asset manager has an appetite for a range of sectors across Asia-Pacific such as manufacturing, consumer goods, healthcare and technology.

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