Ardian and StepStone receive commitments from Fubon Life Hong Kong

The Hong Kong-based subsidiary of the Taiwanese insurer has backed two secondaries funds with a North America focus.

Institution: Fubon Life Insurance (Hong Kong)
Headquarters: Hong Kong
AUM: HKD5.85 billion
Bitesize: $10m-$50m

Fubon Life Insurance (Hong Kong), the wholly-owned subsidiary of Fubon Life Insurance Company, has committed $20 million each to Ardian Secondaries Fund VIII and StepStone’s Secondary Opportunities Fund IV. By committing to these funds, the firm will increase its exposure to the North America region.

As illustrated below, the company has totally committed $40 million to two secondaries funds in 2019.

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