Fosun work together to build the U.S. $ 600,000,000 Prudential Equity Investment Fund
⊙ reporter LIANG
Fosun International and the U.S. Prudential Financial Group yesterday signed a strategic cooperation memorandum in Beijing, the two sides will set up an equity investment funds with a total size of 6 billion U.S. dollars.
It is reported that Prudential and Fosun will be invested 500 million U.S. dollars and 1 million, Prudential will be a limited partnership fund partner (LP), and Fosun will be responsible for investment decisions as a general partner person (GP).
Prudential said it is not only the history of the company to a third party asset managers to provide the largest single investment fund, Prudential is also present in the sum of the only income.
Fosun Group chairman Guo Guangchang claimed, the two sides Fosun this cooperation is a new milestone in the internationalization strategy, marking the Fosun asset management business into a new stage.
Both sides said the economic growth of China and China's capital markets are very confident, optimistic about future investment themes of consumer goods areas.
Prudential is the second largest life insurance company, its assets under management reached 750 billion U.S. dollars, the global life insurance policies amounted to 2.97 trillion U.S. dollars. Fosun Group is the largest private conglomerate Fosun International Limited's parent company, with pharmaceutical, real estate development, steel, mining, retail, industrial and strategic investment in five major business, under which there Fosun, Forte, Nanganggufen etc. number of listed companies.
