Cathay Life Insurance approves $50m commitment

The Taiwan-based insurance company has backed two private equity funds.

Institution: Cathay Life Insurance
Taipei, Taiwan
NT$7.21 trillion ($243 billion; €231 billion) 

Cathay Life Insurance has agreed to commit $25 million each to OrbiMed Asia Partners V and OrbiMed Private Investments IX. Both funds are managed by OrbiMed Advisors.

As shown below, the Taiwanese insurer’s recent private equity commitments have focused on venture capital and buyout private equity strategies.

Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.