Taiwan Life Insurance commits to invest $20m in two Lightspeed Venture funds

Taiwan Life Insurance Co.,Ltd, a Taiwanese leading insurance solution firm owned by Taiwanese financial group CTBC Financial Holding, has agreed to inject a total of $20 million in  Lightspeed Venture Partners’ two private equity funds, according to a company filing. 

The disclosure revealed that it intends to pour $10 million into Lightspeed Venture Partners Select IV, L.P. and Lightspeed Venture Partners XIII, L.P. respectively. 

With the deal, the investments toward private placement of securities will amount to 0.48 per cent of the total assets in Taiwan Life Insurance.

Taiwan Life Insurance, set up in 1947 and incorporated in 2015 by CTBC, is one of the largest insurance companies in the country. It provides health insurance, accident insurance, travel insurance, annuity insurance, participating insurance, among others. Besides, it also offers loan services for mortgage and automobile. 

Taiwan Life Insurance has two subsidiaries TLG Insurance and Tlg Capital in Taiwan. In mainland China, it has tied up with Chinese industrial & investment enterprise group Xiamen C&D Corporation Limited in setting up a joint venture insurance company King Dragon Life in 2008. 

Previously, in August 2019, the company had infused $33.4 million in Antin Infrastructure Partners IV, a PE fund focused on transport, telecommunications, social infrastructure and energy sectors across North America and Europe. 

Lightspeed Venture Partners is an early-stage venture capital firm focused on disruptive innovations and consumer sectors. In 2018, it had closed $1.8 billion of committed capital in Lightspeed Venture Partners Select III and Lightspeed Venture Partners XII.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.