Taiwan’s Cathay Life commits $105m to Vertex Growth II, Ardian fund

Taipei City, Taiwan. Photo: Thomas Tucker/Unsplash

Cathay Life Insurance, the insurance subsidiary of Taiwanese conglomerate Cathay Financial Holdings, has agreed to commit a total of $105 million to Vertex Growth II and a vehicle of French PE firm Ardian, according to stock exchange filings.

Cathay Life Insurance disclosed committing $25 million to Vertex Growth II, a growth stage-focused fund under Singapore-headquartered investment holding company Vertex Holdings. The proposed investment will give Cathay Life a 7.58% share in the fund.

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