The comprehensive score above 80 points was awarded Class A evaluation. Among the 76 Class A managers, 25 scored above 90 points, while only DCL and another 4 managers received the evaluation from over 10 insurance institutions.
On April 14, 2021, Insurance Asset Management Association of China (IAMAC) held a roundtable on Private Equity Investment of Insurance Funds with the theme of locating new opportunities to explore the deep value with concerted efforts & the 2020 Work Evaluation and Exchange Meeting of Private Equity Investment Fund Manager in Beijing. It gathered more than 300 leaders and directors from over 200 insurance companies, insurance asset management companies and private equity investment fund management institutions.
During the meeting, leaders of IAMAC shared the evaluation results of private equity fund managers invested by insurance funds in 2020. It began with the introduction of the evaluation process and mechanism. Under the guidance and supervision of the regulatory authorities, the evaluation committee led by the Equity Investment Committee of IAMAC organizes the experts to carry out the evaluation prudently. It was started in 2017, put into trial use in 2018, and comprehensively carried out in 2019. And the evaluation results were published for the first time in 2020.
According to the rules, the evaluation results are divided into four categories: A, B, C and D. It shows that there are 76 Class A (80 points and above), 43 Class B (70 to 80 points), 23 Class C (60 to 70 points) and 1 Class D (below 60 points).
It is reported that among the 76 Class A managers, 25 have scored more than 90 points, while only 5 managers of them including DCL were scored by over 10 insurance institutions, which is a proof of insurance firms’ trust to DCL. Therefore, we will further enhance our service, risk control and compliance operation capabilities and practice the investment philosophy of seeking for long-term certainty in short-term uncertainty, and obtain safe and stable investment returns for our investors.
According to the statistics from IAMACs’ Equity Investment Information Reporting System, as of the end of 2019, there were 167 domestic and non-insurance private equity fund managers invested by insurance funds, 145 of whom met the evaluation requirements and submitted participating materials, and 2 of them combined their evaluations.