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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.

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