Taiwan's Cathay Life reduces commitment to Crescent Capital's direct lending fund

Taipei, Taiwan. Photo by Louis Cheng on Unsplash

Cathay Life Insurance, the insurance subsidiary of Taiwanese conglomerate Cathay Financial Holdings, has reduced its commitment to Crescent Capital’s latest direct lending fund to $30 million from the previous $50 million it announced in April. 

In a filing with the Taiwan Stock Exchange, Cathay Financial said the reduced commitment in Crescent Capital Direct Lending III will give its insurance unit an estimated 1.5% stake in the fund. 

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter