Lexington Capital Partners and Blackstone Strategic Partners receive $1.2bn in total from Cathay Life Insurance

The Taiwanese insurer has backed both firms' latest secondaries funds.

Institution: Cathay Life Insurance
Headquarters: Taipei, Taiwan
AUM: NT$6.97 trillion

Cathay Life Insurance has agreed to commit $600 million each to Lexington Capital Partners X and Strategic Partners Fund IX, which are managed by Lexington Partners and Blackstone Strategic Partners respectively.

As illustrated below, the Taiwanese insurer’s recent commitments have been to funds focused on private equity primarily in North America and Western Europe.

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