Dai-ichi Life Insurance makes $8.9m commitment

The Japanese life insurer joined other investors to target the domestic biotech sector.

Institution: Dai-ichi Life Insurance
Headquarters: Tokyo, Japan
AUM: JPY36.24Trn
Bitesize: $9-$50m

Dai-ichi Life Insurance approved a JPY1 billion ($8.97 million or €7.96 million) commitment to New Life Science I Investment, a growth fund that supports startups in Japans’ life sciences industry.

As illustrated in the table below, it is the Japanese insurer’s first commitment to a private equity fund in 2019.

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