Taiyo Life Insurance approves $10m commitment

The Japanese insurer expands its private equity presence to Myanmar.

Institution: Taiyo Life Insurance Company
Headquarters: Tokyo, Japan
AUM: JPY7.4trn
Allocation to alternatives: 2.20%
Bitesize: $10-50m

Taiyo Life Insurance Company has committed $10 million to DAIWA Myanmar Growth Fund. The fund is co-managed by Daiwa PI Partners and Daiwa Corporate Investment, and it will invest primarily in fast-growing companies in Myanmar.

As illustrated below, the JPY7.4 trillion ($68.5 billion, €61.2 billion) Japanese insurer has a 1.1 percent target allocation to private equity.

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