Taiwan Life Insurance approves $50m in commitments

The Taiwanese life insurer has backed two venture capital funds.

Institution: Taiwan Life Insurance
Headquarters: Taipei, Taiwan
AUM: NT$1.92 trillion

Taiwan Life Insurance has confirmed $50 million-worth of private equity commitments to two vehicles.

The commitments comprises of $25 million to Bessemer Venture Partners Century Fund II and $25 million to Bessemer Venture Partners XI. Both the funds are managed by Bessemer Venture Partners and capital raised will be invested in the TMT sector across several regions.

As illustrated below, the Taiwanese insurer’s recent private equity commitments have been made to venture capital and growth equity vehicles across several regions.

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