Tencent teams up with insurance company to establish private equity fund worth 22.43 billion yuan.

According to Tianyancha, Suzhou Kuanyu Equity Investment Fund Limited Partnership was recently established with a registered capital of approximately 22.43 billion yuan. Its business scope includes engaging in equity investment, investment management, asset management, and other activities through private equity funds. According to Tianyancha's equity penetration information, Suzhou Kuanyu Equity Fund was jointly established by Tencent-affiliated companies Shenzhen Xiaoshu Commercial Management Co., Ltd., Tencent Technology Co., Ltd., several insurance companies, and other enterprises. Among them, Shenzhen Xiaoshu Commercial Management Co., Ltd. contributed 39.47% of the investment, Tencent Technology Co., Ltd. contributed 4.93%, Sunshine Life contributed 19.86%, and China-UK Life contributed 2.23%. Industry insiders believe that private equity funds are an important form for insurance funds to engage in long-term equity investment and support the development of the real economy. Against the backdrop of diversified demand for insurance fund allocation, with continuous improvement of related policies and ongoing innovation in fund models, it is expected that insurance companies, together with social capital, will further increase their involvement in the private equity investment market.