Fubon Life Insurance approves $50m commitment

The Taiwan-based insurance company has backed a private equity fund.

Institution: Fubon Life Insurance
Headquarters: 
Taipei, Taiwan
AUM: 
NT$4.73 trillion
Allocation to alternatives: 
7.1%

Fubon Life Insurance has agreed to commit $50 million to Veritas Capital Fund VIII, which is managed by Veritas Capital.

As shown below, the NT$4.73 trillion ($165 billion; €150 billion) Taiwanese insurer’s recent private equity commitments have focused on venture capital/growth equity and buyout/corporate private equity strategies.

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