Fubon Life backs StepStone’s Secondary Opportunities Fund IV

The Taiwan-based insurance company has backed a North America focused fund.

Institution: Fubon Life Insurance
Headquarters: Taipei, Taiwan
AUM: $140.8bn
Bitesize: $10-100m

Fubon Life Insurance announced commitments of $30 million to StepStone Secondary Opportunities Fund IV. The firm is seeking more than $1 billion for the fund.

As illustrated below, Fubon Life has already made two commitments to funds on the secondaries market in 2019, which combined constitute $80 million.

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