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.
