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Cathay Life Insurance approves $80m commitments

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

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Institution: China Life Insurance Company (Taiwan)
Headquarters: Taipei, Taiwan
AUM: NT$6.97 trillion

Cathay Life Insurance has agreed to commit $50 million to Summit Partners Growth Equity Fund XI and $30 million to KKR Health Care Strategic Growth Fund II.

As illustrated below, the Taiwanese insurer’s recent private equity commitments have focused on diversified sectors in North America, Western Europe and Asia-Pacific.

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