ICG receives commitment from Fubon Life Insurance

The Taiwanese insurer has backed ICG's latest secondaries fund.

Institution: Fubon Life Insurance
Headquarters: Taipei, Taiwan
AUM: NT$4.52 trillion

Fubon Life Insurance has agreed to commit $65 million to ICG Strategic Equity IV, according to an announcement. The fund is managed by Intermediate Capital Group and has a target size of $5 billion.

As illustrated below, most of the Taiwanese insurer’s recent secondaries commitments focus on the private equity sector across North America and Western Europe.

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