14 May 2021

Ping An completes $200m first close of fintech and digital health fund

Ping An has secured $200m in commitments for Ping An Voyager Partners, a growth stage venture fund looking to make investments in fintech, healthtech, and related businesses, targeted at institutional investors, ahead of its planned $475m offering in Q3 2021.

Voyager Partners will be managed by Global Voyager, a wholly-owned subsidiary of Ping An. In 2017, the Chinese insurer committed $1bn to support Global Voyager’s investment strategy of finding businesses that are at least five years old and at a Series C funding stage or beyond, investing between $15m and $35m per target.