Ping An Overseas Holdings

What Ping An Overseas Holdings does

Ping An Overseas Holdings (中国平安保险海外(控股)有限公司) is a Hong Kong-incorporated, wholly-owned subsidiary of China Ping An Insurance (Group) Co., Ltd. (HKEX: 2318; SSE: 601318), established on 24 October 1996 and operating from its headquarters in Wan Chai / Central, Hong Kong. The firm is the largest overseas investment and asset management platform of Ping An Group, delivering a full-spectrum cross-border platform that spans alternative and capital-market products — overseas private equity (secondary LP-stake and co-investment strategies), private debt (mezzanine and senior secured loans), infrastructure and real estate, fixed income, ETFs, hedge fund-of-funds, AI/quantitative strategies, and separately managed accounts — to global institutional clients (sovereign wealth funds, pension funds, large asset managers) as well as to Ping An Group subsidiaries and Chinese institutional investors seeking global exposure and vice versa.

The platform is structured around two core operating engines. First, the alternative-investments franchise has raised three consecutive overseas PE vintages (2020 US$8.75B, 2021 US$7.5B, 2024 US$8.5B) plus dedicated vehicles for Greater China growth equity (US$3B in 2022) and overseas mezzanine debt (US$300M+ in 2021), anchored by global institutional investors including GIC, AlpInvest Partners, Montana Capital Partners, Goldman Sachs Asset Management (Vintage Fund), Ardian, and Coller Capital. The capital-markets franchise sits in Ping An of China Asset Management (Hong Kong) Co., Ltd., a wholly-owned subsidiary established in 2006 holding Hong Kong SFC Type 1, 4, and 9 licenses, and delivers multi-factor quant strategies built on AI and deep learning, big-data analytics, ESG/sustainable fixed income (the China Green Bond Fund), RMB bond funds, and Hong Kong-listed ETFs. Beyond financial asset management, PAOH also executes Ping An Group's overseas strategic investments and joint ventures, notably the Ping An Tsumura TCM joint venture, the Ping An Shionogi pharmaceutical JVs (Shanghai and Hong Kong), and the iTutorGroup education investment.

Revenue is generated through standard institutional asset-management economics: asset-management fees on committed or invested capital across PE/credit/ETF mandates plus performance fees and carried interest on fund returns, layered with transaction fees from secondary-market LP stake transfers. Distribution is entirely enterprise-led via direct relationships and anchor-LP-led fundraising, supported by thought-leadership content in FT Chinese, Hong Kong Economic Journal, and other financial media, plus a global awards track record (Asia Risk Investment Institution of the Year 2022, Bloomberg Businessweek ESG Leading Enterprise 2021-2023, Environmental Finance Asian ESG Fixed Income Fund of the Year 2021-2023, Lipper 10-year RMB Bond award 2023).

Name

Ping An Overseas Holdings

Legal name

中国平安保险海外（控股）有限公司

Website

https://overseas.pingan.com.hk

Company type

Private

Founded year

1996

Operating status

Operating

Headcount range

51–100 employees

Short description

Ping An Overseas Holdings is a Hong Kong-based, wholly-owned subsidiary of Ping An Insurance Group operating the group's flagship overseas investment and asset management platform, serving global institutional investors and Ping An subsidiaries with private equity, private debt, fixed income, ETF, and AI/quantitative strategies.

Ownership category

akta.pro rank

Headquarters

HQ city

Wan Chai

HQ country

Hong Kong SAR China

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Asset Management Fees: Fees charged for managing assets across private equity funds, private debt funds, infrastructure funds, and capital market products (equities, fixed income, ETFs). Fees are typically based on assets under management (AUM) percentage, calculated on committed or invested capital.
2. Performance Fees / Carried Interest: Performance-based fees earned on investment returns exceeding predetermined hurdles or preferred returns in private equity, private debt, and other alternative investment funds.
3. Secondary Market Transaction Fees: Fees earned from structuring and executing secondary market transactions of private equity and credit fund stakes, such as the US$680 million private credit secondary transaction with Coller Capital.
4. Fund Investment Management Services: Providing investment management for overseas private equity, private debt, infrastructure, and real estate fund investments, including fund-of-funds structures, co-investments, and direct investments for institutional clients.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Ping An Overseas Holdings operates as Ping An Group's largest overseas investment and asset management platform, managing a full spectrum of institutional investment products for global clients. Through its Hong Kong SFC-licensed subsidiaries, it offers overseas private equity funds (via secondary market LP transactions and co-investments), private debt/mezzanine funds, infrastructure investments, real estate, fixed income funds, ETFs, and AI/quantitative investment strategies serving sovereign wealth funds, pension funds, and large asset managers globally.

Product overview

Ping An Overseas Holdings operates as a comprehensive overseas investment and asset management platform offering a full spectrum of products across capital markets and alternative investments. The core products include private equity funds (Ping An Global Equity Selection Fund, Ping An GP Opportunities Fund, Ping An China New Economy Fund), bond funds (China Ping An Selected RMB Bond Fund, China Ping An Green Bond Fund), ETFs (China Ping An CSI Hong Kong High Dividend Stock ETF, China Ping An CSI 5-10 Year Treasury ETF), and mezzanine debt funds. The platform also manages healthcare investments through Ping An Japan Tsumura joint venture and strategic investments in online education (iTutorGroup), while leveraging Ping An Group's fintech ecosystem including Lufax, OneConnect, and Good Doctor. With subsidiaries holding SFC licenses Type 1, 4, and 9, the company provides securities dealing, investment advice, and asset management services globally.

Differentiator

Problem solved

Functional benefit

Brands

• Ping An Global Equity Fund III (平安海外私募股权基金第三期): Third-generation overseas PE fund focused on North American and European buyout and growth PE fund LP interests via secondary transactions, with co-investment commitments.
• Ping An Global Equity Fund / Ping An Global Equity Selection Fund (平安海外私募股权基金/平安海外私募股权优选基金)
• Ping An GP Opportunities Fund (平安伙伴机会基金)
• Ping An China New Economy Fund (平安中国新经济基金)
• Ping An Overseas Mezzanine Fund (平安海外夹层债基金)
• Ping An CSI Hong Kong High Dividend Stock ETF (中国平安CSI香港高息股ETF)
• Ping An CSI 5-10 Year Treasury ETF (中国平安CSI 5-10年期国债ETF)
• Ping An Select RMB Bond Fund (中国平安精选人民币债券基金)
• Ping An Green Bond Fund (中国平安资产管理基金: 中国绿色债券基金)

Products and services

• Ping An Global Equity Selection Fund (平安海外私募股权优选基金) A secondary market fund investing in LP interests of top North American and European buyout and growth private equity funds, targeting institutional investors globally.
• Ping An GP Opportunities Fund (平安伙伴机会基金) A fund designed to capture co-investment and secondary investment opportunities through Ping An's extensive global private equity manager network.
• Ping An Overseas Private Equity Fund Phase III (平安海外私募股权基金第三期) The third-generation overseas private equity fund focused on North American and European buyout and growth PE fund LP interests via secondary transactions and co-investment opportunities.
• Ping An Global Equity Selection Fund II (平安海外私募股权优选基金第二期) Second-generation overseas PE fund covering North American and European buyout and growth PE fund LP interests via secondary transactions, with co-investment component via GP Opportunities Fund.
• Ping An China New Economy Fund (平安中国新经济基金) USD-denominated investment vehicle focused exclusively on Greater China growth-stage private equity, targeting sectors where Ping An has deep expertise including technology, healthcare, financial services, education, consumption, and advanced manufacturing.
• Ping An Overseas Mezzanine Fund (平安海外夹层债基金) A fund investing in corporate debt including mezzanine debt and senior secured loans in overseas markets, based on Ping An's over 10 years of private credit investment experience.
• Ping An Private Credit Secondary Market Transaction Service Proprietary secondary market transaction service enabling transfer of limited partnership interests in private equity and credit funds from balance sheet to dedicated fund vehicles, maintaining investment management for new investors.
• China Ping An Selected RMB Bond Fund (中国平安精选人民币债券基金) A fund investing primarily in RMB-denominated fixed or floating rate debt securities, aiming to provide total returns including interest income and capital growth; multiple Lipper, Benchmark, and Bloomberg award winner.
• China Ping An CSI Hong Kong High Dividend Stock ETF (中国平安CSI香港高息股ETF, 3070.HK) An exchange-traded fund tracking the CSI Hong Kong High Dividend Index, providing exposure to high-dividend Hong Kong-listed stocks; multiple Best-in-Class ETF award winner.
• China Ping An CSI 5-10 Year Treasury ETF (中国平安CSI 5-10年期国债ETF, 3080.HK) An ETF tracking the CSI Ping An 5-10 Year Treasury Active Index, providing exposure to Chinese government bonds; recognized with Innovation Index Award at The Asset 3A Asia ETF Awards.
• China Ping An Green Bond Fund (中国平安资产管理基金：中国绿色债券基金) A green bond fund selecting quality Chinese green industry and environmental protection-related investment projects; awarded Best-in-Class Green, Social and Sustainable Bond Fund at Benchmark (2023) and Asian ESG Fixed Income Fund of the Year at Environmental Finance.
• AI and Quantitative Investment Strategy (人工智能与量化投资) AI-driven quantitative investment platform that integrates artificial intelligence and deep learning into traditional multi-factor quantitative models, combined with proprietary big data analysis for equity selection and portfolio optimization.
• China Ping An Asset Management (Hong Kong) Capital Market Services Capital market investment services including global macro strategy research, investment solutions, fixed income investment, ETFs, hedge fund-of-funds, AI/quantitative investment, and separately managed accounts, delivered through Ping An Asset Management (Hong Kong) with SFC Type 1, 4, and 9 licenses.

Quantifiable outcome

• Successfully raised US$8.5 billion for third overseas private equity fund (2024)
• +4 more outcomes

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability4 records

Feature3 records

Partnerships

Four partnerships are on record, tiered flagship and core.

• Shionogi Pharmaceutical (盐野义制药)flagshipStrategic or Co-development Partner · 27 July 2020Ping An Overseas Holdings facilitated strategic cooperation between Ping An Group and Shionogi Pharmaceutical, including a strategic investment of ¥33.53 billion (~¥21.8 billion RMB) for a 2% stake (635,600 treasury shares) making Ping An the 7th largest shareholder. Two joint ventures were established: Ping An Shionogi Ltd (Shanghai, RMB 29.4 billion total investment, Ping An Life 49% / Shionogi 51%) and Ping An Shionogi (Hong Kong) Ltd (HK$360 million total investment, Tutum Japan Healthcare 49% / Shionogi 51%). The joint ventures focus on drug R&D (particularly CNS and infectious diseases), AI-enabled manufacturing quality control, and distribution via Ping An Good Doctor platform.
• Tsusho Pharmaceutical / Shengshi BaicaocoreStrategic or Co-development Partner · 30 March 2020Ping An Tsumura (平安津村), the joint venture between Ping An (44%) and Tsumura Pharmaceutical, acquired Shengshi Baicao (盛实百草), an industry-leading TCM herbal medicine production and operation company, for RMB 1.2 billion, taking an 80% controlling stake. Ping An Overseas Holdings assisted in completing the transaction. The acquisition supports Ping An Tsumura's strategic layout of its Shengshou (生药) platform in China, strengthening TCM raw material supply stability and quality management.
• iTutorGroupcoreStrategic or Co-development Partner · 10 July 2019Ping An Overseas Holdings led the strategic investment in iTutorGroup, the world's first online education unicorn (established 1998, valued at US$1.6 billion post-4th round in 2018), incorporating it into Ping An's Smart Education ecosystem. iTutorGroup operates TutorABC (adult online English), vipJr (K-12 online education), and TutorMing (online Chinese education), serving hundreds of millions of students globally with AI-powered personalized learning experiences. The investment leveraged Ping An's technology, brand, and customer base to accelerate AI integration in education.
• Tsusho Pharmaceutical (Tsumura/Japanese Kampo Pharmaceutical)flagshipStrategic or Co-development Partner · 1 January 2018Ping An Overseas Holdings, as the overseas investment platform of Ping An Group, facilitated the establishment of Ping An Tsumura (平安津村) in January 2018 as a joint venture between Ping An and Tsumura Pharmaceutical (Japanese Kampo), the world's largest Kampo (traditional Chinese medicine) pharmaceutical company with 84% global market share in medical Kampo preparations. Ping An holds a 44% equity stake. The joint venture focuses on strengthening the Kampo dispensing system, conducting analysis research on traditional Chinese medicine, and establishing quality management standards across the entire TCM supply chain.

Scale indicators15 records

Recent moves7 records

Expansion highlights6 records

Market position

Weaknesses5 records

Competitive moat6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ping An Overseas Holdings