Institution: Cathay Life Insurance
Headquarters: Taipei, Taiwan
Cathay Life Insurance announced the revision of a commitment to The Seventh Cinven Fund. The investor initially committed €30 million ($33.71 million) to this vehicle but it later reduced its commitment size to €20 million ($22.47 million).
The fund is backed by other global investors including Taiwan Life Insurance, Oregon Public Employees’ Retirement System, Tennessee Consolidated Retirement System and Teacher Retirement System of Texas.
As illustrated below, the Taiwanese life insurer has made commitments to multiple private equity funds in 2019.
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