Taiwan's Fubon Life commits $35m to Korean KREDO's solar-focused fund

Photo: Pradeep Gaur/Mint

Fubon Life Insurance, the insurance unit of Taiwanese financial conglomerate Fubon Financial Holdings, has committed to invest 40 billion won ($35 million) in the latest solar asset-focused fund of Korean asset management firm KREDO Holdings, previously known as IGIS Private Equity.

In a filing with the Taiwan Stock Exchange, Fubon Financial said the proposed investment in IGIS Real Asset Solar Private Special Asset Fund 4 will give its insurance unit an estimated 44.44% stake in the fund.

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