# Pacific Asset Management Pacific Asset Management is an Asset Manager based in London, China. ## Overview - **Organization type:** Asset Manager - **Headquarters:** London, China - **Region:** Asia - **Address:** Shanghai, China - **Founded:** 2006 - **Assets under management:** Undisclosed - **Website:** asset.cpic.com.cn ## Regulatory record - **CRD number:** 305066 - **SEC file number:** 801-121528 - **Registration status:** Registered - **Reports private funds:** Yes - **IAPD record:** https://adviserinfo.sec.gov/firm/summary/305066 ## About Founded in 2006, Pacific Asset Management was carved out to manage assets for China Pacific Insurance (Group) Co., Ltd. and its subsidiaries. The Shanghai-headquartered firm functions less as a standalone asset gatherer and more as a captive allocation arm, deploying insurance liabilities into public securities, private funds, and direct infrastructure projects. Its structure reflects the post-2000s maturation of Chinese insurers, which were granted permission to build in-house asset management companies rather than relying entirely on third-party managers. The firm's investment footprint spans stocks, bonds, fund products, and a deepening illiquid sleeve. Direct lending takes the form of debt investment schemes — onshore vehicles that bundle project loans into tradeable instruments. Recent examples include a March 2026 issuance tied to a subsidiary of energy utility Towngas, alongside programs backed by Tianhe Solar’s distributed generation assets and a Shanghai affordable-rental housing project developed by New Huangpu. Operational scale remains opaque — no headcount or assets under advisory are publicly disclosed — but the parent's balance sheet provides context. CPIC holds hundreds of billions of dollars in total assets, and Pacific Asset Management administers the largest insurance third-party mandate pool in the domestic market, per the firm's own materials. Subsidiaries CPIC Investment Management (Hong Kong) and CPIC Fund Management extend reach into cross-border and public-fund structures, while unlisted equity investments surface through affiliated innovation funds. The firm's Q1 2026 disclosures confirm routine related-party transactions with CPIC Life, underscoring how inter-entity capital flows remain the dominant operating model. What distinguishes Pacific Asset Management from a generic insurer's treasury is its parallel business as an issuer. Most captive shops simply allocate; this one underwrites and distributes structured credit products to other institutions, creating a fee-generating third-party book alongside the parent mandate. That dual posture — asset manager to CPIC and deal arranger for the broader market — blurs the line between captive manager and investment bank, a model that mirrors how Ping An's and China Life's asset arms have evolved but remains unusual globally. ## Sectors - Real Estate - Infrastructure - Energy Transition & Renewables ## Questions ### How does the firm generate returns beyond traditional insurance allocation? The firm originates and structures debt instruments, including asset-backed securities and exchange-traded REITs, secured by infrastructure and real estate cash flows. Recent deals have securitized revenue from distributed solar projects and rental housing, creating products sold to other domestic institutions. This underwriter role adds a fee-based revenue stream on top of returns from the parent's proprietary assets. ### What asset classes does Pacific Asset Management invest in? The firm deploys across equities, fixed income, fund products, and a growing illiquid portfolio of direct infrastructure and real estate loans. Its illiquid strategies focus on energy-transition assets — notably rooftop solar — and urban housing, often structured as onshore REITs or special-purpose asset-backed plans. Publicly disclosed products also include debt investment schemes linked to utility and transport infrastructure. ### Is Pacific Asset Management accessible to external institutional investors? Yes, but only through the products it issues rather than via discretionary separate accounts. The firm sells asset-backed plans and REITs on China's institutional interbank market, where qualified domestic institutions can participate. Its core mandate remains managing CPIC's balance sheet, so external access is transactional, not advisory. ## Related profiles - [Pacifica Capital Investments](https://altss.com/profile/pacifica-capital-investments) - [Pacific Avenue Capital Partners](https://altss.com/profile/pacific-avenue-capital-partners) --- Last updated: 2026-08-11T02:43:31.692Z Canonical page: https://altss.com/profile/pacific-asset-management Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology