China Life Insurance Company commits to Neuberger Berman secondaries fund

Taiwanese insurer backs opportunities fund.

Institution: Cathay Life Insurance Company (Taiwan)
Headquarters: Taipei, Taiwan
AUM: NT$2.1 trillion

Cathay Life Insurance has agreed to commit $30 million to the NB Secondary Opportunities Fund V, which is managed by Neuberger Berman.

As illustrated below, the Taiwanese insurer’s recent commitments have been to funds focused on private equity primarily in North America and Western Europe.