Ping An Insurance (Group) Company of China, Ltd. today announced the initial close of Ping An Voyager Partners, LP, a growth stage venture fund that will make investments in fintech, healthtech and related businesses around the world. Targeted at institutional investors, Voyager Partners has secured approximately US$200 million in commitments toward its planned US$475 million offering.

Voyager Partners will be managed by Global Voyager Fund (HK) Company Limited (“Global Voyager”), a wholly-owned subsidiary of Ping An with a significant track record in venture investing in fintech and digital health.

Global Voyager is an investment manager licensed by Hong Kong’s Securities and Futures Commission and today comprises 22 professionals.

Global Voyager focuses on investment opportunities with fintech, digital health and related businesses that have achieved product-market fit, have meaningful revenues and viable unit economics, and are on a clear path to widespread commercial traction. Typically, such businesses have been in existence for more than five years and are at a Series C funding stage or beyond. Voyager Partners will continue this strategy, investing between $15 million and $35 million per target.

In addition to financial backing from Ping An, Voyager Partners’ first close includes, among others, two leading North American insurers and a top-tier insurer based in Europe.

Businesses where Global Voyager has led recent funding rounds on behalf of Ping An include iCapital Network, a US based financial technology platform for alternative investing; Laiye Technologies, a China based AI and RPA platform; PlusDental, a German teledentistry business; and Snapsheet, a US based provider of cloud native insurance claims management software.

Ping An anticipates a final closing for Voyager Partners in the third quarter of 2021.