Cathay Life Insurance approves $60m commitment

The Taiwan-based insurance company has backed TPG's fifth growth vehicle.

Institution: Cathay Life Insurance
Headquarters: Taipei, Taiwan
AUM: NT$6.21 trillion

Cathay Life Insurance has agreed to commit $60 million to TPG Growth V. The private equity vehicle is managed by TPG and will target the healthcare, business services, technology, media and telecommunications sectors across North America, Middle East Africa and Asia-Pacific.

As illustrated below, Cathay Life Insurance’s recent private equity commitments have focused on buyout and venture capital strategies.

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