HarbourVest receives commitment from Fubon Life Insurance

Fubon Life Insurance backs HarbourVest's tenth flagship secondaries fund.

Institution: Fubon Life Insurance
Headquarters: Taipei, Taiwan
AUM: TWD4.62trn
Bitesize: $50-$100m

Fubon Life Insurance has agreed to commit $30 million to Dover Street X, a fund that focuses on a wide range of secondaries opportunities across North America. The fund was launched in 2018 by HarbourVest with a target of $6.5 billion. The fund has attracted capital from at least ten investors.

As illustrated below, Fubon Life Insurance has a strong appetite for secondaries investments in North America and Europe.

Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.