In December 2023, the Insurance Asset Management Association of China (IAMAC) released its annual evaluation results for private equity fund managers managing insurance capital investments. DCL Investments was again awarded the highest rating—Class A with an overall score of 93.51, marking the fourth consecutive year it has received this distinction since 2020.
Funds managed by DCL Investments have achieved deep coverage across multiple types of institutional investors. Since its inception in 2015, nearly 30 insurance institutions have committed capital to DCL’s fund offerings—a figure that ranks among the industry’s highest for domestic private equity managers. In the 2023 IAMAC evaluation, 20 insurance institutions participated in scoring DCL Investments.
The IAMAC assessment, grounded in regulatory policies for insurance capital investments and industry requirements, evaluated managers across 41 sub-indicators under nine primary dimensions: corporate governance & investment team, management systems & processes, risk management, scale & performance, post-investment management mechanisms, regulatory compliance, insurance collaboration, incentive structures, and information reporting & disclosure. Twelve compliance-related indicators followed a deduction-based system (maximum deduction: 40 points). Per evaluation rules, Class A (score >80 and within top 50% of participants) included 120 managers; Class B (score ≥70 but below Class A threshold) covered 51 managers; Class C (60-69 points) comprised 5 managers; Class D (<60 points or rule violations) included 3 managers; and 5 remained unclassified due to insufficient data.
The DCL team will continue upholding its principles of “dedication, professionalism, and continuous learning and evolution,” maintaining disciplined operations to capture opportunities and deliver relatively certain returns for investors.