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Fubon Life Insurance approves $50m commitment

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

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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.

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