Fubon Life Insurance confirms $65m commitment

The Taiwanese insurance company has backed Providence Equity Partners' latest private equity fund.

Institution: Fubon Life Insurance Company
Headquarters: Taipei, Taiwan
AUM: NT$4.17 trillion

Fubon Life Insurance has confirmed a $65 million commitment to Providence Strategic Growth V (PSG V). The fund, which is managed by Providence Equity Partners, has a target of $4 billion and capital raised will be invested in the TMT sector across North America.

As illustrated below, most of Fubon Life Insurance Company’s recent private equity commitments have been made through venture capital and growth equity vehicles across several regions.

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