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LGT receives $50m commitment from Cathay Life

The Taiwanese life insurance has backed LGT's fifth secondaries fund in the Crown Global series.

Institution: Cathay Life Insurance
Headquarters: Taipei, Taiwan
AUM: TWD6.95trn

Bitesize: $10-50m

Cathay Life Insurance has agreed to commit $50 million to Crown Global Secondaries V. The Taiwanese insurer has also committed to the third fund of the Crown Global series with $20 million.

As illustrated below, the Taiwanese investor has made six secondaries commitments from 2018, which combined constitutes $390 million.

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