Sumitomo Life Insurance confirms $76m in commitments

The Japanese life insurer has backed venture capital funds.

Institution: Sumitomo Life Insurance
Headquarters: Osaka, Japan
AUM: ¥31.92 trillion

Sumitomo Life Insurance has confirmed an ¥8 billion ($76.8 million; €64.4 million) commitment to Sumisei Innovation Fund, which is managed by SBI Holdings.

Most of the Japanese insurer’s recent private equity commitments focus on venture capital in Asia-Pacific.

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