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Cathay Life Insurance makes $60m commitment

The Taiwanese life insurer dedicated another $60 million to explore technology and healthcare opportunities in Asia and North America.

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Institution: Cathay Life Insurance
Headquarters: Taipei, Taiwan
AUM: TWD6.39trn
Bitesize: $50-100m

Cathay Life Insurance announced the approval of a $60 million commitment to New Enterprise Associates’ seventeenth vehicle.

The Taiwanese life insurer joins other pension funds in the US, such as Teachers’ Retirement System of Louisiana, to back New Enterprise Associates 17.

The fund is seeking $3.6 billion and will invest in technology and healthcare opportunities.

As illustrated below, the Taiwanese life insurer has made commitments to multiple private equity funds in 2019.

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