China Life invests $250m in TPG

Chinese insurers are dipping into overseas private equity as the regulator loosens control.

China Life invests $250m in TPG

China Life Insurance Overseas plans to invest $250 million into US-headquartered TPG, part of the sector’s cautious push into overseas private equity, according to people familiar with the matter.

The Beijing-based insurer will make the investment into TPG’s general partnership, boosting the firm’s pot of permanent capital, the people said. China Life joins Singapore’s GIC and the Kuwait Investment Authority, which bought into TPG’s general partnership in 2011.  

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