Fubon Life Insurance approves $65m in commitment

The Taiwan-based insurance company has backed Clearlake Capital's latest turnaround opportunities PE fund.

Institution: Fubon Life Insurance
Headquarters: Taipei, Taiwan
AUM: NT$4.61 trillion

Fubon Life Insurance has agreed to commit $65 million to Clearlake Capital Partners VII. The fund is managed by Clearlake Capital Group.

As shown below, the Taiwanese insurer’s recent private equity commitments have focused on venture capital/growth equity and distressed/turnaround strategies.

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