Fubon Life Insurance to invest $70m in Advent International's new global fund

Taipei 101, Taipei, Taiwan. Source: Vernon Raineil Cenzon/Unsplash

Taiwan-headquartered Fubon Life Insurance is set to commit up to $70 million to a new fund launched by Advent International, a global private equity (PE) powerhouse that manages $88 billion.

Already a limited partner (LP) in global investment firms KKR & Co and Tiger Global Management, Fobon Life Insurance’s commitment to Advent International GPE X-G Limited Partnership accounts for about 0.3% of the targeted fund size, per a disclosure with the Taiwan Stock Exchange.

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