Fubon Life Insurance continues relationship with StepStone

The Taiwan-based insurance company has backed StepStone's latest VC secondaries fund.

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Institution: Fubon Life Insurance
Headquarters: Taipei, Taiwan
AUM: NT$4.88 trillion

Fubon Life Insurance has committed $70 million to StepStone VC Secondaries Fund VI, which is managed by StepStone Group.

The Taiwan-based insurance company also committed to StepStone Secondary Opportunities Fund III, StepStone Secondary Opportunities Fund IV, StepStone Secondary Opportunities Fund V, and StepStone Real Estate Partners IV.

Founded in 2006, StepStone Group is a US-based asset manager that provides investment and advisory services.

Fubon Life Insurance’s recent commitments have predominantly focused on global private equity secondaries funds.

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