Ping An to increase real estate allocation in light of covid-19

The Shanghai-based asset manager plans to increase its private equity real estate allocation over the next 12 months.

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

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

The 3.27 trillion yuan ($458.95 billion; €409.04 billion) Shanghai-based asset manager has an appetite for a range of sectors across Asia-Pacific.

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