Taiwan Life approves $33.8m in commitments

The Taiwanese life insurance company has backed two Foresite Capital's investment vehicles and JAFCO's first Taiwan VC fund.

Institution: Taiwan Life Insurance
Headquarters: Taipei, Taiwan
AUM: TWD1.76trn
Allocation to alternatives: 2.0%
Bitesize: $10-50m

Taiwan Life Insurance has approved $33.8 million commitments to three venture capital funds, including $18 million to Foresite Capital Fund V, $6 million to Foresite Capital Opportunity Fund V and TWD300 million ($9.84 million; €8.89 million) to JAFCO Taiwan I Venture Capital fund.

As illustrated below, the Taiwanese insurer has made multiple commitments to 2019-vintage private equity funds, including Rhone Partners VI and Petershill IV.

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