Taiwanese insurer Fubon Life commits $40m to StepStone’s latest PE fund

Photo: REUTERS/Beawiharta

Fubon Life Insurance, the insurance unit of Taiwanese financial conglomerate Fubon Financial Holdings, has proposed to commit $40 million in the latest fund managed by US-based investment firm StepStone Group.

According to documents Fubon Financial filed with the Taiwan Stock Exchange, Taipei-based Fubon Life plans to invest $40 million into StepStone Secondary Opportunities Fund V Offshore. The proposed investment will give the Taiwanese insurer a 1.14% share in the PE fund.

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